The events that immediately catch my eye this morning are that the AUD/USD is above .9000, the fact that support in EUR/GBP at .8310 held again, moderate strength in EUR/CHF and the slightly lower USD/JPY.
My immediate reaction to this is that the EUR/USD market wants to rally some more and that we may see an exhaustive rally into the mid 1.30’s before the market settles again.
It will be a quiet session on the economic-data front.
Good luck today.
