EUR/USD sits at 1.3860, effectively unchanged from where North America left off Monday.
The pairing is being weighed down by heightened risk aversion and decent selling of the EUR/JPY cross.
On the other side of the coin, ongoing reports of sovereign buy interest in the low 1.38’s (Asian CB seen overnight) is providing much-needed support. Without it you’ve got to suspect we’d be well below 1.3800 by now.
For today technical supports at 1.3830/35 and 1.3800/05. Resistance up at 1.3865/75.
