EUR/USD sits at 1.4930, pretty much where it closed out Tuesday in North America with the market seemingly in consolidation mode. Thought we might have seen a breach of the psychological 1.5000 by now, but hey ho we haven’t. A pleasure for the euro bulls merely postponed I suspect.
No major euro zone data this morning, which doesn’t bode too well.
Talk of buy orders down at 1.4825/30, which seems aways away, with sell orders at 1.4990 up through 1.5010, with buy stops just above there.