EUR/USD continues to rally, presently up at 1.4325, having been as high as 1.4334.
The euro is being underpinned by the release of better than expected European PMIdata and rallying European stocks.
So far I’ve had no concrete confirmation of Asian central bank selling, although there have been vague mutterings. I still think China will not let this rally gather too much momentum given their well-touted dnt option interest.
From a technical perspective, resistance now at 1.4350/55.
