Tiny Tim assures us Europe will do what it takes…
EUR/USD is working through central bank offers starting at 1.3025 and has firmed toward 1.3030/35. Sellers are seen in the 1.3055/65 area while stops are eyed around 1.3070. Resistance is scattered from 1.3055 through about the 1.3080 level.
The 200-day moving average comes in around 1.3071 today.
Remember, this was a key are of support on the way down and will be a tough resistance are on the way back up…A sustained break of 1.31 would suggest a bear-term bottom is in place.
