EUR/USD having opened down around 1.4215 has ticked higher in early European trade, presently at 1.4230.
Risk sentiment is a little wobbly and this has served to undermine EUR/USD somewhat. However Bloomberg are reporting comments made by Joseph Stiglitz, the Nobel-prize winning economist. He feels the dollar’s role as a good store of value is “questionable” and feels the currency has a high degree of risk.
Technical supports 1.4200/10, 1.4185, 1.4150, resistances 1.4270/75 and 1.4300.
Sources report sell stops gathered just below 1.4200. Decent sell orders said to reside at 1.4290 up through 1.4315.
