Theirs said to be barriers in place at 1.2950 in EUR/USD and there are expiries Monday and Tuesday at this level.
The previous low was 24 April at 1.2954 and we’ve been as low as 1.2957 today.
A break here and the trap door could open to the early April lows at 1.2745
Cable had also posted a low of 1.5350 and has bounced nicely off of the trend line (which I’ve bloody missed again)
It’s all been a bit of a slow grind lower With the market uncertain where to go next.
All eyes are on USD/JPY and any further moves here will no doubt shake the tree for the rest of the market
Data is done until later tonight when we have the US April treasury budget.
