EUR/USD sits at 1.3205 having closed out in North America Thursday around 1.3185. We continue to see generally slow trading in this pairing. Long periods of inactivity are being interspersed with short spasms of violent price activity.
One thing I know for sure; there is no meaningful trend in this pair at the present time.
I left early yesterday with the BIS buying circa 1.3150, so can’t say I’m overly surprised we’re back up at present levels.
Sean mentioned some order levels overnight; buy orders seen clustered down at 1.3130/40, sell stops through 1.3120. Sell orders clustered 1.3225/30, buy stops through 1.3240.
