EUR/USD having started out around 1.4080 saw an initial drift to a 1.4056 session low as the market tested the downside. Aforementioned reports of buy orders lined up at 1.4050 were enough to negate an accelerated sell-off.
Now we’ve seen a subsequent rally with the market testing the upside, presently at 1.4095.
Technical resistances now lie at 1.4105/10 and 1.4130/35. Sources report sell orders up at 1.4120.
Market seemingly lacks any real conviction at the present time.
