Traders say that China has buy orders ahead of the 1.4100 level so pushing too hard to the downside at present levels seems unwise. US equities are under a good deal of pressure this morning (down 0.75%), so it seems as though we are trading with a risk-off bias, a support for the dollar versus the European counterparts.
Offe3rs are eyed in the 1.4140/50 area on rebounds near-term…look for more sideways action. EUR/USD trades at 1.4122.
