Talk of Middle Eastern bids and option related buying has held the EURUSD above 1.4100 since Monday. There are noted stops under 1.4100 which if triggered should take us to the low 1.40’2 very quickly.
Technically, the 1.4100 uptrend parallel channel sees support at 1.4100 also. Under that level and its 1.4000. Topside resitance for now comes in just above 1.4200 at the 20 day MA.
Respect 1.4100 until it breaks.
