I’ve almost given up all hope of seeing decent price action in EUR/USD.
Last Wednesday, or was it Thursday (all days seem to meld into one these days), I opined that 1.2800-1.3200 looked a “rock solid” range for the time being. Knowing what I know right now, I have no reason to change that opinion.
We sit at 1.2922.
Talk of buy orders lined up from 1.2900 through 1.2880. Topside, talk of sell orders clustered 1.2980/00.
I’ll be doing a EUR/USD poll in a minute to see if there’s a strong opinion among Forelive readers, although I’m not holding my breath. I’d hazard a guess beforehand that opinion will be on balance negative. We’ll see.
