Traders report seeing Middle Eastern central banks selling EUR/USD after the apparent failure to sustain a break of the 1.3510 level. We’ve eased back to the 1.3470 area thus far.
Cable continues to slide, down to 135750. Support lies in the 1.5720/30 window. Stops are seen below 1.5720 and especially below 1.5700.
UPDATE: We’re just getting reports of cable buying from India on the pullback…
