Societe General had recommended euro shorts but today’s rally knocked out their stop. They will try again at 1.40, they say.
EUR/USD continues to run into offers at 1.3750. There are more at 1.3765 and strong sellers at 1.3795/1.3800.
On the other side of the EUR/USD trade was Citi, which hit its 1.3711 target.
