Dealers are trading with very tight stops today having seen far more voaltility in recent sessions than the norm. Below 1.4000, short-term bulls pulled the ripcord. Chinese selling is rumored into strength but unconfirmed at the moment. We’re just getting reports that Mid-East accounts were the most recent sellers.
Intraday support lie at 1.3980 and 1.3940 near-term.
One interesting note is that gold held below $1350 today, an area where they was a wave of selling earlier in the week when it gave way…
