Looks like another wave of liquidation came through the market after the US data with the modest rally to 1.4385 quickly sold into. We’ve dipped as low as 1.4360 thus far. Bids from Asian central banks are rumored through the 1.4350 level, traders report.
Medium-term players are watching the 1.4280 area where the 200-day moving average comes into play. EUR/USD trades now at 1.4368.
