EUR/USD has rebounded into the 1.4860s after a retest of the lows in the 1.4820s from yesterday afternoon. We’ve not heard specific talk of Asian central bank buying on this latest bounce, but would not be surprised if it crops up as it did earlier today..
1.4895/00 is resistance on rallies now that we’ve recovered the 1.4850 level which was lost not long ago. EUR/USD trades at 1.4863.
