EUR/USD having opened a little lower in Europe, down around 1.4265 from a North American close Thursday up around 1.4290, is seeing very steady price action early.
Forex traders will be keeping a weary eye on Chinese stocks, with the Shanghai exchange down around 3% today. That will have been weighing on EUR/USD.
For today, technical supports 1.4250 and 1.4220, resistances up at 1.4300/05. Talk of sell orders up around 1.4300, said to include Asian sovereign interest. I wouldn’t be surprised if there weren’t some small sell stops gathered just below 1.4250, but haven’t confirmation of that yet.
