Just after noon New York time we dipped to the 1.3480 level to inflict a final dose of pain on some European longs who were looking to square up for the day. We quickly bounced back to the 1.3500 area there after…
Look for traders to remain reluctant to sell weakness with central bank buyers reputed to lurk in the 1.3450/60 area. Same for buyers as 1.3550 has proven toppy.
