Old Teflon is slugging it out and looks like the only currency that wants to do something in this placid environment.
We’ve touched a high of 1.3811 and into the old support area I mentioned earlier.
EUR/USD h1 chart 21 03 2014
1.3832 then 1.3840/50 will be the next speedbumps to clamber over but I fear it will be a push to see that today. Keep an eye out for any comments and be prepared to see some weekend risk trade adjustment as we head into the European close. We’re still in a place where the market may be less willing to hold positions over the weekend.