Wasn’t it just yesterday when New York walked in the door and EUR/USD started to slump badly? Seems like the lads in London have forgotten how to do anything but push prices around in tight ranges. They need the New York market to show them what’s what, apparently.
Peripheral bond yields edged up again this morning, led by Spain and Italy with growing concerns over budget targets throughout the euro zone being met amid slow-to-no growth.
1.3277 was the low yesterday morning and is now support should we dip further. More support is at 1.3251.
Small sellers are eyed now at 1.3325. Central bank sellers were noted earlier today in the 1.3250/55 area so expect a few stops above that level from those with very short pockets.
