Maybe a little longer. We sit at 1.2758 after a bout of horribly choppy trade, which saw the market in need of a neck brace after being violently whipsawed.
Technical support noted at 1.2734 apparently (76.4% fibbo retracement of 1.2711/1.2808 I’m reliably informed)
Also talk of ACB bid interest down around 1.2730. Given 1.2732 was overnight low, guess the talk isn’t overly surprising.
UPDATE: As in early rally, Russian buying being noted in this latest bounce in EUR/USD. We’re back up to 1.2783. Whether that’s central bank buying or general Russian buying I haven’t the foggiest.
