With the Swiss franc leading the way, the dollar has come under pressure across the board in late European trade.
Stops in the 1.4110/15 area have been triggered. EUR/USd found support at the 1.4125/30 level and is now bouncing strongly. Oil is rising sharply, now at $101.00, while equity markets are up 0.4%, reversing modest early losses.
More stops are seen above 1.4135, just above yesterday’s midday top.
Selling EUR/USD in the US morning on Greek headlines has proved a losing short-term strategy in recent weeks….
