The dip in existing homes sales combined with a parade of weaker-than-expected earnings reports are helping undermine the risk trade, sending EUR/USD back toward the lower end of recent ranges. Whatever impact sizable options expires had on the market earlier in the session is now gone so we’re on our own from here on out.
A mix of bids and stop-loss sell orders are seen in the 1.3015/20 area; offers begin toward 1.3070 on bounces near-term.
