EUR/USD trades like its 2005…Remember anything dramatic about 2005? Me neither…
For the first time in what feels like months, there’s just not that much going on. We’ absorbed bad news about Spanish banks overnight and were hit with some sales from the SNB, but so far during the US session it has been refreshingly uneventful.
We’re seeing a bit of an oversold intraday bounce, trading as high as 1.2412 so far. Look for sellers in the 1.2450/80 window with small stops above that level, just like a “normal” market.
