Euro volatility is down from the past two days but it’s still early.
The rise touched 1.3077 — a few pips above the high earlier in Europe. The rebound touched the 38.2% retracement of yesterday’s swoon and there are some light offers protecting it (more orders here)
The major area of technical congestion remains around stretches from 1.3109 (55dma) through 1.3156 (100 dma).
