US share prices are slightly softer in early trade, down 0.4% in the S&P, perhaps being influence by the slide in Shanghai overnight. EUR/JPY is easing, so it looks as though we are back into “risk-on/risk-off” mode.
Moderate support is down at 1.4240/50 is a decent support area. More is at 1.4215 if we break lower. Bulls will hope for some Mid-East buying on dips for the VW/Porsche deal to help form a base.
