EUR/USD having posted a session low 1.4111, has bounced back nicely to 1.4150 at writing. Russia was an aggressive seller on the way down, and then China stepped in as a buyer in the 1.4110/20 area.
We’re back, nicely ensconsed in a 1.4100/1.4300 range, possibly 1.4100/1.4200.
As mentioned earlier, China has a habit of removing it’s interest (this time they were expected to buy in 1.4130/40 area), but it normally doesn’t get moved very far. This was a classic case in point.
Cable has recovered having posted a session low 1.6355, presently back at 1.6380. Well, guess the aforementioned buy orders were enough to hold the line.
