Cross-currents, headwinds, all manner of breezes are buffeting forex markets this morning as month-end pressures, huge intergovernmental payments in Europe and intervention vie with economic data to push markets to and fro. It has been tough to get a handle on any sustainable themese this morning as the market trades from one large flow to the next.
EUR/USD stop-loss orders from intraday longs are eyed in the 1.4590/95 region as prices unexpectedly reverse to the downside. Keep positions smaller than normal today as volatility is high. EUR/USD trades now at 1.4609.
