EUR/USD is ticking higher, recovering its poise after the earlier sell-off. Having been down to a session low 1.4254, the pairing is presently back up at 1.4285. The move comes with stocks doing a little better, S&P futures trading at day’s high, up nearly a full 3 points.
Technical support 1.4250/55, resistance 1.4305/10.
Talk of 1.4300 option expiries for todays 14:00 GMT cut.
There are mutterings that Asian sovereign selling was partly behind the earlier sell-off. Makes more sense than talk of China buying in 1.4270/80 area.
