Skeleton crews are manning bank trading desks and retail interest is likely to be subdued as well with the other markets shut tight for the day. Having already triggered stops below 1.3115 and barriers at 1.3100 overnight, EUR/USD looks like it could stay in consolidation mode for the balance of the weekend. The one proviso is that when markets are this thin, they are vulnerable to being pushed around nearly at will by anyone with enough nerve and ammo.
Prices found support near 1.3095 overnight, the 50% retracement of the 1.2457/1.3735 rally. Stops are piling up in the 1.3085 region now. Offers lie at 1.3170. We trade at 1.3140.
