It took a while, and over 400 pips in not much more than a day, but it looks as though the market may have finally had its fill of EUR/USD. The emergence of China on the offer, taking some profits, no doubt, has cooled the market’s frenzied buying, at least for a time.
Support is down at 1.2535, 1.2505/10 and 1.2480/90 on dips.
