We sit at 1.3920, pretty much where North America closed out Tuesday, with Asian trade confined to a conservative 1.3891-1.3936 range.
We continue to oscillate in a well-trodden 1.3850-1.3960 range. Middle Eastern, Asian sovereign names have been ongoing buyers into dips of late, while real money and hedge fund interest has been notable on the topside.
Topside buy stops touted through both 1.3960 and 1.3970, take your pick. Haven’t had any real reports as to where downside stops lingering, but would hazard a guess some through 1.3840.
