When I sat down at my desk this morning and saw EUR/USD around 1.3900 I was instantly reminded of the Stealers Wheel song “Stuck in the middle with you.” Yes folks that’s where we find ourselves at the start of a new week, slap bang in the middle of the well-touted 1.38/1.40 range.
I haven’t checked yet, but I’d be surprised if there weren’t decent sell orders lined up at 1.4000/10 and buy orders down at 1.3870/80 and 1.3850. I’ll let you know when I get confirmation.
Technical support 1.3885/90, resistance 1.3925/30.
