Here at ForexLive, we pride ourselves in weaving together the threads of disparate financial markets into a rich tapestry of trading clarity. Or something like that.
Today it just comes out a tangled mess. US shares prices have been trending lower ,ost of the morning but EUR/USD is only now easing as one would have expected in more correlated conditions.
Interest is low after yesterday’s unforeseen dollar reversal left many a trader scratching his head an mourning his losses. Algos are in charge today and those heartless boxes will take the markets where ever they need to to find the liquidity they need to fulfill their evil needs.
Support for EUR/USD is seen at 1.4190 near-term with more at the 1.4165/70 area.
