The drop in EUR/USD from 1.4299 to 1.42101 puts the 50% Fibo at 1.4250. Heck, even I don’t need a calculator for THAT one. The afternoon rebound reached the 1.4244 level but prices have since edged lower again.
US stocks are waffling around breakeven. That’s not bad after such a sharp rally in recent weeks but it is a bit troubling amid a big jump in new home sales and a large drop in the inventory of new homes.Hourly uptrend support has edged up to 1.4205, should things turn interesting in the final half-hour of trade on Wall Street.
