This post started out before the PBOC move and had the headline ” Euro bounces off key support areas” with 1.2424, 146.30 and 0.7935 holding firm and giving some respite to the beleagured multi-ccy
But now, it’s having another look downstairs aided and abetted by the eur0/commodity pair selling, but still hanging in there by the skin of its teeth.
Expect rallies to be sold still but if you’re euro bullish then consider yourself close to a decent level ( intra-day at least) to go long/add longs/re-buy longs, just beware the follow-through if supports give way.
We all know by now that it takes two to make a market and this morning is providing great two-way opportunity
Good times
