The usual 40 pip trading range for EUR/USD, which seems unable to generate momentum in either direction during Asian trade. Dip-buyers emerged ahead of 1.2300 as dealers anticipated barrier protection but longs will be more than happy to book a 30 pip profit in this current environment. I’m guessing that it will stay this way until the NFP data later tonight.
The AUD/USD has reclaimed its short-term pivot at .9675 and that should alleviate some of the ultra-bearishness.
