The greenback gets only the odd few hours of respite in this market before traders begin to beat it like a rented mule. The beating began in earnest right around the 15:00 GMT fixing and it has continued ever since. Next resistance for EUR/USD is just above the 1.4900 level. Expect stops from top-pickers to be perched just above that level.
When it rains on the dollar, it pours…
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