Ebbs and flows, mostly flows, are in charge today, with interbank traders using little finesse to get business done in a hurry in choppy markets.
EUR/USD has rebounded strongly after heavy sales at 14:00 GMT. We’re now getting a lift from upbeat asset markets. We’ll see what transpires at 15:00 GMT.
EUR/JPY is reaching important resistance in the 111.50/60 area. a sustained break above that level suggests a near-term bottom is in, from a technical perspective. Until the next bearish European headline hits, that is…