Traders report a fresh batch of stop-loss sell orders are building just below the 1.3500 level as the market continues to slosh to and fro, consolidating its recent losses. Rebounds remain shallow, and until we get above 1.3700, bears remain comfortable and in control.
EUR/USD is getting a modest lift from another SNB drive-by attack on EUR/CHF. We spiked to 1.4657 from 1.4623 in two minutes and now trade at 1.4638.
EUR/GBP is rebounding late in the session, rebounding to the 0.9087 level after a dip to 0.9050 a short while ago.
Talk of 0.9100 barriers made the rounds earlier in the session…
