Up from 47.4 in June and much better than median forecast of 47.0.
EUR/USD up over a big figure from its’ earlier session low of 1.4143, presently at 1.4250.
The lion’s share of the sharp rally in EUR/USD is down to the aggressive buying of the EUR/CHF cross in the wake of the SNB’s actions/words.
UPDATE: Talk of sell orders clustered 1.4280/90, buy stops through 1.4295.
Personally I wouldn’t put my buy stops there, but its only hypothetical as I don’t trade
