EUR/US found sellers in the 1.3980s and has eased to the 1.3975 area. Sellers are layered up to the from the 1.39803 through 1.4000, above which small stops are eyed above the resistance line, now at 1.4008. From there, there is not much resistance up to the 1.4080 high from last Monday.

In the big picture, we remain in consolidation mode between 1.37 and 1.42…

10-31-eur