Friday’s 1.4152 lows are within range as the dollar resumes its rebound in early US trade, Last night’s price action was consolidative in nature and did nothing to change the short-term momentum to the downside. What could disrupt the momentum are our friends from the Orient, adding to reserves on dips. They are rumored to be doing so at 1.4150 and below.
Technically, 1.4085 and 1.4005 are the levels to watch on dips.
