EUR/USD sits at 1.3465 in early European trade, little changed so far on the morning. An early dip soon ran into renewed buying interest. While general risk sentiment isn’t in very good shape, doesn’t look as though the market is in any great hurry to offload EUR/USD aggressively.
Reports of Asian central bank buy interest overnight down at 1.3425/30 may be an inhibiting factor.
Technical support lies at 1.3428 (200 week MA) and 1.3410/15 (1.3412 200 day MA), while resistance is at 1.3485/90.
