EUR/USD has steadied after earlier softness was repelled by aforementioned buy orders down at 1.3890/00. Having posted a session low 1.3897 we’re presently back up at 1.3925.
Decent demand for the EUR/GBP cross, we’re presently up at .8665 from an early 8640, will be lending EUR/USD some underpinning. At the same time it will be weighing on cable.
Sources now report sell orders up at 1.3945/50 with buy stops said to be gathered up around 1.3980.
