- Europe policymakers will fall in complacency trap
Bloomberg reporting.
- Greece will probably default again
Picked that up on twitter.
EUR/USD has traded marginally easier in Asia, down at 1.3095 from a North American close Wednesday up around 1.3120. I guess we can still characterise trading as EUR/USD consolidating recent gains.
Buy orders clustered 1.3080/90. Various reports of sell stops gathering through 1.3080, 1.3075, 1.3070 (take your pick, what’s 10 pips between friends)
Topside, sell orders clustered up at 1.3140/50 ahead of rumoured 1.3150 barrier option interest. Interestingly couple of fibbo levels come in at 1.3145. Yesterday we mentioned the 38.2% retracement of 1.4940-1.2042 fall. Can be noted 1.3145 is also 76.4% retracement of move from 1.3486 to 1.2042.
