Price action in EUR/USD has been confined to a very narrow range in the past couple of hours. The pairing presently sits at 1.4260.
Technical supports now at 1.4250 and 1.4220, resistance up at 1.4300/10.
Might well be some stops parked just below 1.4250.
The euro bulls will be sorely disappointed they didn’t see a pop higher once the barrier option interest at 1.4300 was taken out.
There have been mutterings that Asian sovereigns continued to sell around 1.4300 even after the aforementioned option interest had been taken out.
Will be very interesting to see what North American traders make of this latest development.
