Less follow-through buying on the bounces today indicating a market that is not as short as it was early yesterday. That makes sense after yesterday’s rally…
Real-money sellers are rumored on strength today, selling between 1.4180 and 1.4200. EUR/USD trades now at 1.4163.
Commodities remain generally soft this morning; Oil is off its lows but its earlier rally ran out of steam along with the euro. It is presently down $1.22 at $96.20.
