A strong bout of buying by real money accounts led-EUR/USD higher after a dip toward 1.2550. prices have recouped 1.3600, reaching 1.3630 before easing. Prices are getting whipped around like we’re back to holiday conditions.
Dealers note some covering of shorts in EUR/USD ahead of 1.3523, the 50% retracement of the 1.2328/1.4719 range, the late October/mid-December range.
