Stocks are enjoying a late session rally for a change, rallying 0.9% in the last thirty minutes or so. EUR/USD is drifting up in its range after finding buyers once again in the 1.1920s.
There is not a lot of conviction out there among short-term specs in EUR/USD at the moment. Blindly selling rallies has worked pretty well the last few days. Looks like it remains the way to go in the near-term…
EUR/USD trades at 1.1944.