I like this, yes I like this alot. Nice easy calm start to European trade, EUR/USD very narrow rangebound, slightly firmer from North American close Wednesday around 1.2620. Maybe my fingers can get a well-earned rest. I know you ‘d all like a really hectic, volatile market, but you need the slow periods to fully appreciate the volatile times.
Nothing in way of euro zone data today, lest you count the latest ECB monthly report.
Talk buy orders 1.2600/10, stops just below. Can’t imagine they’re overly large. Sell orders 1.2690/1.2710. BIS aggressive seller yesteday so the market will be looking for them possibly re-emerging on any appreciable rally over 1.2700. Not sure where buy stops gathered, will have to try and dig out.
Obviously still much talk of 1.2500/1.3500 dnt in place, so would expect appreciable defensive buying down on any dips toward 1.2550.
