Stocks are flat, oil is lower and the dollar is lower…a fairly unusual set of circumstances of late…
EUR/USD is at session highs near 1.4200 no particular reason I can deduce other that decent odds that central banks are putting reserves to work on dips once again.
We’ve retraced 50% of the drop from Friday’s 1.4340 highs to this morning’s 1.4048 lows.
Stops are rumored above 1.4220 now, traders relay.
