EUR/USD dipped a bit below 1.3490 on its latest pullback, but there still seems to be some residual central bank demand on dips. There also seems to be a bit of pre-weekend short-covering as Europe gets ready to wrap up. Asset markets are in recovery mode; US share prices are now flat after being down 0.6% or more earlier. EUR/USD trades now at 1.3515. 1.3546 is next resistance of note.
Maybe it’s the approaching Tiger Woods spectacle that is capturing the market’s attention. Here’s a Tiger’s latest endorsement.
