Wasn’t this where we were yesterday morning….
EUR/USD’s back around 1.2955/60 after a little excursion up through 1.3000 yesterday, but it does seem to be handcuffed into the same old range. Slightly mixed Chinese PMI data has failed to spark a significant reaction and little’s really changing on the order front this morning.
Offers are lined up from 1.3000 and through to 1.3020 with probable stops sitting above 1.3025. Downside bids await in the 1.2940/50 with some sell stops below ahead of further bids at 1.2920/30 and 1.2880/00 (sovereigns).
(Gerry taking a couple of days out , as i’m doing the same next week)