I guess so. EUR/USD is at US session highs of 1.3118 as equities make fresh session highs as well.
No doubt a lot of fresh shorts were taken on this morning’s weakness and are now being squeezed out on the recovery.
Looking back, I guess you could say the modest penetration of the 50% Fibo was in consequential and we more or less held that level.
EUR/USD up to 1.3120, cable has left earth’s orbit, now at 1.5730.
