Kind of a weird reaction to the upbeat ISM data. We say a selloff in oil, and equities followed while the dollar rallied. Now we are seeing a more typical risk-on reaction, aided by steady demand for EUR/USD from just below 1.2890.
What can’t go down usually goes up, I always say.
Small resistance is at 1.2920 and at 1.2935/40. Heavier resistance is at 1.2970.
