EUR/USD is struggling for any real clear direction so far today, presently at 1.4935, pretty much where I came in 6 hours ago. An early rally failed to trigger stops up in 1.4975/80 area. Subsequent accelerated selling pressure in the EUR/GBP cross has weighed on the EUR/USD pairing.
EUR/GBP is down at .9020 from an early .9085. Don’t know whether the Middle East names lifted their touted interest at .9050 ahead of the release of the BOE minutes, but it’s safe to say the cross plummeted through said level with not even a hint of a pause.
Talk now of some buy interest down just ahead of the psychological .9000 level.