Seems like Europe is happy to sell into strength in EUR/USD, if the midday price action was any indication. Once prices stalled around 1.3480 there was a slow-speed white Bronco chase to get sell EUR/USD, driving the rate lower bit -by-bit until we bottomed out at 1.3435 level.
We’re in a technical no-mans land while we tread water between 1.3420 and 1.3520. A break of either end of that range will rev the market up for another 100 pips or so in either direction.
