EUR/USD fell sharply at the end of yesterday’s Asian session and has remained under pressure most of today. According to some of the chatter, traders are hedging their bets ahead of tomorrows ECB rate decision and press conference. The cross has not been able to maintain any kind of momentum and now at the start of the Asian session trading is extremely quiet.
EUR/USD is trading in a fairly tight range with resistance at 1.3530 and support at 1.3510. Currently prices are right in the middle at 1.3520.
