Basically it did jack, as usual. I might apply for a transfer, I could do with a good rest. Then I wouldn’t have to work with that smart arse Perfect Pete.
EUR/USD sits at 1.3013, effectively where it closed out Thursday in North America.
ECB says its ready to buy bonds of troubled eurozone members and the conditions imposed to trigger the purchases need not be punitive.
So?
So bloody what?
The above seems to be the main reason being given for the push over 1.3000. Seems pretty flimsy to me. Maybe it’s sour grapes….
Topside, technical resistance well documented now at 1.3030 (61.8% fibbo retracement of the drop from 1.3169 to 1.2802)
Talk of sell orders clustered 1.3040/50. Probably buy stops close above there. We’ll try and confirm as the morning progresses.
Downside, buy orders clustered 1.2970/80.
Roll on the US non-farm payrolls.
