EUR/USD has extended it’s rally to a session high 1.4043. Sources report that the move accelerated when stops just above 20 were triggered.
Technical resistance now lies at 1.4045/50, and not too surprisingly we’re hearing more stops lying just above there.
Aforementioned sovereign sell interest in low 1.40’s doesn’t appear to have turned up as expected, at least not yet. This has happened a few times of late. In the past the interest hasn’t been moved too far away though.
