EUR/USD just rn up to 1.4900 at the 15:00 GMT fixing. The move is somewhat surprising as we did not pick up any whispers of abnormal demand as we so often do.
EUR/USD is bucking the usual fundamentals today, rallying despite a fall in equities and a warning from the ECB that big bank write-downs could be imminent.
1.4969 is the only level that matters on the topside near-term. 1.5000 barriers are expected to be protected on strength. EUR/USD trades at 1.4913.
