There’s a lot of choppiness kicking the markets about right now. US 10’s just drop from 2.52% to 2.509% in minutes and meanwhile the dollar has kicked higher against the Swissy, yen, euro and pound. Other dollar pairs like the aussie and kiwi have remained fairly calm over the last hour or so, so some of these moves are isolated rather than a general, across the board move. That points to month end flows rather than anything else but all in all it’s making the picture a little unclear and that’s not conducive to working out where markets are going.
EUr/USD keeps carving lower and there’s not much to stop it at the moment. There’s moderate support at 1.2530 plus whatever orders are in the way until then. Resistance is now at 1.2590 and 1.2610
What EUR/USD longs are doing now
