Euro pairs finding some dip demand after the early session retreat 27 July
EURUSD 1.1722 from 1.1712, EURJPY 130.42 from 130.20 and EURGBP holding 0.8920 near the 0.8917 lows but lack of any real rally is helping to underpin cable.
Month-end BUBA EURGBP demand may be helping the euro but there's large option expiries in play at 1.1700 and we can't rule out another look down there. US durable goods data at 12.30 GMT may have some say in that though.
Offers on EURJPY too at 130.50 and above to help cap rallies with USDJPY having option interest of its own at 111.30 also in play.
EURCHF still rallying too and taking out offers at 1.1200
Did the Fed say anything new or has the market just been getting ahead of itself on rate hikes and now the USD selling is overdone too ?
Hey, we're in Summer markets and should expect some over reaction. Traders may on on holidays but when was the last time you saw a robot applying the sun cream ?
A rare shot of a robot on holiday
