EUR/USD sits at 1.4120, little changed from European opening levels around 1.4110. Risk appetite is in pretty good shape, with S&P futures up about 4 points, and this will be lending the pairing some underpinning.
There is also still talk of month, quarter, half-year end dollar sales lined up for todays fixings. Got to be a little wary of this. The talk has been about since yesterday, and we’ve seen a good run -up in the pairing, so some of the usd sell interest may well have been front run.
Technical support 1.4080, resistances 1.4130 and 1.4150/55.
