Euro cracks 1.3000 again, muted follow through

EURUSD traded low to 1.2988 so far but I may be blinkered but it just isn’t running anywhere.

The 15m chart shows a few tram line supports just below and I expect more support at the 1.2965 low; if we can’t get down there by close of business I won’t be surprised to be knocking back on the 1.3050 door overnight.

Adam just commented on cable and I somewhat prefer the euro hence see the EURGBP a buy on dips, it’s currently at 0.8635 just above mid-range today

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