EUR/USD has edged down toward support at 1.2880 despite a solid rally on Wall Street that brought the S&P within 2.5 points of 1100.
Traders note small stops are gathered just below the 1.2880 level. 1.2840 is further support on dips. Looks like the market is understandably skittish on holding long EUR positions ahead of tomorrow’s phony-baloney stress tests.
