Tough morning for the euro, the market using the Handelsblatt IMF/Eastern Europe article as a good excuse to give the currency a bit of a tonking.
General risk sentiment is also looking a little fragile which is also weighing on EUR/USD.
We’re hovering just above 1.3900 where earlier reports had buy orders lined up. Will be interesting to see what sort of depth of interest there is here.
We’re presently at 1.3905. Haven’t really got any confirmed reports of stop levels from here, but think the orders might be gathered just below 1.3900, or maybe more likely just below 1.3890, which is the next technical support of interest.
