What stops going down usually goes up, at least a little. That’s what were seeing in EUR/USD as the early US selling has run its course. Prices have edged up to the upper1.3550s after bottoming at 1.3537.Small sell orders are seen in the 1.3570/80 area. expect a squeeze higher if we can move above 1.3580…
Same story in GBP/USD. Three tries at 1.4940 and we were unable to trigger stops, so dealers are covering up their shorts.
