Seems like that’s the state of play this afternoon. Somewhat bearish comments from the head of the Bundesbank on his distaste for bond buying as well as the risks the ECB has taken on to its balance sheet as a result of paste bond buying and a bearish outlook for Spanish credit from Fitch did not send the euro materially lower.
We’re no back above 1.3700, eying sellers toward 1.3735; Stops are above that level now. Weak trend line resistance has fallen to 1.3746 area…
