I have a five-year old. Have you ever noticed that when you tell a five-year old not to touch something, the immediately touch it? Same thing for Forex traders.
There are said to be strong sellers above 1.4000 (Asian central banks) as well as options-related sellers between 1.4025 and 1.4050. Despite that talk, here we are grinding higher into the supposed supply.
US equities have cut their losses dramatically down 1.1% versus losses of nearly 3% earlier today. Can’t keep a good euro down…
