A decent recovery from 105.62 session lows 16 March
Having chewed its way through the 1095.85 tech res/offers we're now posting highs of 106.08 on a cocktail of USD demand and 106.00 option interest.
Timing is everything and with clocks ticking down to expiry at the top of the hour it's the buy side that's prevailing having seen the pair spend most of the European
I highlighted the decent support/bids between 105.50-60 so I hope some of you took heed. I'll be looking to resell my shorts up here between 106.00-20. I don't think I'll be the only one with little changed on the overall picture with trade wars and political upheaval not going away anytime soon.
Range-trading still prevailing.
