Monday mornings in Europe are normally cack.
This morning has so far proven no exception to the rule.
We sit at 1.2281, a whole 12 pips easier from the 1.2293 which greeted me.
Talk has buy orders clustered from 1.2270 down to 1.2240, sell stops below there.
Topside, sell orders clustered 1.2300/20, buy stops through both 1.2320 and 1.2330 apparently.
Angela Merkel’s back from her hols.
Maybe she’ll come out and say something controversial. Well we can hope, can’t we?
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