EUR/USD having opened firmer in Europe, is seeing steady price action early, presently at 1.4125.
The pairing is being underpinned by a number of factors, among them; usual talk of month-end euro demand (portfolio re-balancing) lined up for today’s fixings; story in WSJ highlighting worries whether US government can continue to attract buyers for it’s treasury notes; and risk appetite remains in pretty good nick with Asian stocks posting decent gains overnight.
For today, technical supports 1.4085 and 1.4060/65, resistances 1.4135/40, 1.4165 and 1.4200/05.
