EUR/USD extended it’s recent rally, reaching 1.3862 high before slipping back. As mentioned earlier, 1.3865/70 (sovereign sell interest), 1.3894 (61.8% fibbo retracement level) and 1.3900 (barrier option interest) next three hurdles for euro bulls.
Rather than sovereign interest, sources report notable eastern European commercial sales behind recent retreat from highs. We’re presently back at 1.3848 in slow-ish trade.
