- On the topside sellers 1.2980 (very close to current market) through to 1.300.
- Above 1.3 there’s more 1.3015/25 then 1.3040/55
To the downside:
- 1.2925/40 has buyers.
- Trading stops below mised with buyers around 1.2925
- Buying again 1.2900 and around
The ‘theme’ in the market chat is the USD strength (unsurprisingly) with more keen to sell on rallies than buy lower down. If its still around current rates in early Europe and we don’t see renewed weakness there is a chance for a stop-loss buying pop.
