Some interesting developments overnight. EUR/USD fell heavily but EUR/JPY managed to limit it’s losses, ie USD/JPY also moved higher. Cable halted at the 1.5470 Sovereign sell orders. AUD/USD rose slightly. Now we just got to figure out what to make of these moves. I’ve been trying to pick a bottom in EUR which has proven quite painful so I’m taking a few days off trading until moves make more sense to me.
Not much in the way of economic releases but I would nonetheless expect a much more exciting session than yesterday, which wouldn’t be hard.
Good luck today and TGIF.
