Looks like there is one heavy buyer in EUR/USD over the last 40 minutes or so, traders say. We’ve rallied from the 1.3585 area as high as 1.3630 on this latest run.
Offers are eyed once again in the 1.3640/50 area, protecting a 1.3650 barrier. Offers are seen in the 1.3660/70 area with stops eyed above 1.3670 level.
More times than not, in strongly trending markets, we seem to end the European day close to the range extremes, Today appears to be no exception.