We’ve had a major rebound in risk this afternoon as the S&P bounces about 17 points from its intraday lows, or 1.5%.
We’re still holing below US session highs of 1.34185. Stops lie in the 1.3425 area, traders report, and could become vulnerable if stocks extend gains further in the final hour of trade.
A potential bearish outside in EUR/AUD may be holding back the bulls in EUR/USD.
