After a confusing morning for trading EUR/USD is again attempting to dip and stay below the sturdy 1.3600 level. It just ticked below but as I type this my provider has it at exactly 1.3597.
If 1.3600 falls, dollar bulls still have a great deal of congestion all the way down to 1.350o to contend with. But breaking through would be a start.
On the flip side, should 1.3600 hold we could see a short-term bounce of 50-75 pips. Either way, I think this pair will be in a sort of holding pattern ahead of the June 5 ECB meeting.
