We’ve found a balance in EUR/USD with two attempts to break below the 1.4625/30 area failing so far as have two attempts to overcome 1.4770 offers.
Traders have seen better buyers for much of the US session in EUR/USD, including so-called “smart money” (accounts that tend to get it right more than wrong and cost traders money in the process…) and Asian central banks but the pair is struggling to overcome offers in the 1.4670/80.
Look for stops in the 1.4685/90 area from short-term specs now but renewed selling in the 1.4825/30 area if EUR/USD does manage to put together a rally as the day wears on.
