Hopes for a downside breakout are fading as EUR/USD recovers early losses sustained after weak US durable goods data. Whispers of central bank buying on dips continues to be heard, with an Asian regional central bank again in focus.
Offers are scattered in the 1.3030/.3050 window with stops above 1.3050 near-term. Expect the usual SNB selling into strength.
We trade now at 1.3021.
