EUR/USD is essentially flat on the day at 1.3870 after falling as low as 1.3834. The pair has been climbing steadily since US traders arrived at their desks. Overall, the move is relatively small and it’s shaping up to be one of the more quiet days in FX this year.
The bulk of the bids are down at the session low with more lingering down to 1.3825 and then at 1.3800. Offers at the Asian high of 1.3879 and then several bands of thick offers from 1.3890 to 1.3915.
