EUR/USD having opened lower in Europe, is seeing steady trade early, presently at 1.4020.
The USD is garnering support from Chinese comments over the weekend, indicating that they aren’t going to be abandoning the USD anytime soon. Geopolitical developments in Honduras and Iran are also providing marginal support.
There has also been talk of sovereign selling of the pairing overnight.
Technical supports now at 1.4000/05 and then 1.3960. Resistances up at 1.4075 and 1.4090/00. Sources, not surprising, report sell-stops gathered just below 1.4000.
