EUR/USD trades as though the market is still caught short this pair.
We dipped as low as 1.3605 on this latest dip but we’ve reverted pretty quickly to the 1.3645 level. Looks like some of the more aggressive players are happy to trim their short positions on dips . We trade now not far from Friday’s closing levels (around 1.3650/55) which I guess we have to view was neutral territory.
