EUR/USD has drifted a little lower in orderly fasion, presently at 1.4335. Selling of the EUR/GBP cross this morning has helped weigh on EUR/USD.
It looks like normal service is slowly being resumed i.e. market fairly comfortable to short EUR/USD above 1.4350 in the belief China will turn up to cap the topside well ahead of the 1.4450 line.
Shanghai composite index fell a hefty 2.9% today, but gyrations in Chinese stocks seem to be having a lesser impact on other markets, evidence S&P futures being flat as a pancake.
