Two decent bounces but we keep scrolling back towards the big figure
As we pretty much watch paint dry today, the euro might be where we get something interesting happening.
Friday, and today, the euro survived a look at 1.0600 with decent bounces following.
EURUSD 15m chart
The intraday lower trend line will give be a guide to whether the market wants a proper look at the recent lows. If we hold, then we're likely to head back up. How USDJPY performs at 114.00 will be another indicator.
I was looking at buying close to 1.0600 Friday but my order missed. I'm less inclined to do the same the more times we keep coming back but in these quiet-ish conditions I may try a small long there.
I'm not sure what's happened to the pound which has lost a quick 30 pips in cable and near 20 in EURGBP.
Oil has taken a bath too with Brent dropping around 50 ticks to 55.63.
