Higher, high and a lower low in EUR/USD today. Turnaround Tuesday, I guess.
Heavy equity losses are helping prompt risk aversion, with Goldman’s weak report moments ago icing on the cake.
1.2780 is the next level many traders are watching. It is the 38.2% retracement of the 1.2150/1.3030 rally as well as the former range-top before we broke higher. Offer are seen on rebounds to 1.2870/80.
