Suits me just fine, with the euro sitting just above 1.3100. I just want to see a move towards large barriers reportedly at 1.3150 so Gerry has to do another poll.
Sovereign bids and hedge funds are apparently underpinning the EUR/USD along with some decent EUR/JPY demand but there does appear to be a distinct lack of enthusiasm out there to ramp the pair much higher (0/n high 1.3125).
There’s some tech res up in the 1.3130/40 area from mid Oct highs ahead of the mentioned barriers with buy strops through 1.3150, but the larger resistance is seen up in the 1.3170/75 area (17 Sept highs of 1.3173) and further buy stops just above
EUR/USD’s sitting at 1.3110 after taking out a barrier at the rate on the earlier run up from 1.3090
