EUR/USD maintained session lows at 1.3325, bottoming out at 1.3332 in the latest slide before rebounding to the 1.3370s at present. Earlier today there were reports of Chinese buying around those levels and dealers seem to be respecting that zone. Reports are coming in that India was of seller of EUR/USD above the 1.3400 level earlier in the day, helping spark the retreat.
Range-bound markets ahead of the major event risks like the ECB meeting and US employment later this week make sense. Offers remain on rallies to the 1.3430/40 region though stops are eyed now just above 1.3450.
