That’s the message of the market coming out of the latest EU summit.
The market gets all revved up ahead of these hot air sessions and is inevitably disappointed when the outcome is less than earth shaking.
We’re nearly 3 cents below the top put in place on Thursday at 1.3937 and We’re consolidating below the 61.8% retracement of the 1.3495/1.3937 rally.
Small sellers are seen on rebounds to 1.3675 near-term with bids down at 1.3630/35.