Well here we are again at the start of a new week. You’ll have gathered by the fact I’m here bashing the keyboards again, that I didn’t win Friday’s euromillions jackpot. Drat.
EUR/USD sits at 1.4160, little changed in lacklustre early European trade. Risk appetite is in pretty good shape at the start of the week, underpinned by reports CIT may manage to avoid bankruptcy.
However there is ongoing talk of 1.4200 barrier option interest, and an Asian sovereign is expected to put up a stout defence of said level.
For today, technical support 1.4110/20, resistance 1.4190/00.
