EUR/USD down a mere 80 pips in the last hour…
Selling from the Reserve Bank of India helped cool the latest rally while the sharp rise in US yields seems to be prompting short-term longs in EUR/USD to reassess.
Looks like central banks are content to play the ranges today; 1.3370/80 was their last buy zone. If they don’t resurface there on dips, more profit-taking could be seen.