You were just getting comfortable holding a long EUR position for the first time in weeks, weren’t you? So the market had to slip back below the 1.2010 level that capped it yesterday to shake out some of the week longs….
Bids are seen in the 1.1975/85 area on dips near-term with more stops clustered around 1.1965. Looks like we got ourselves a two-way market for a change…
EUR/USD trades at 1.2009. 1.2003 was the low.
