It may well be too premature to suggest that the rot has stopped, but the Buck is bouncing further from Tuesday’s 2020 low (91.737) and seemingly gleaning more traction from the US manufacturing ISM, with considerable assistance via independent weakness in rival currencies.
Eur/Usd may yet find support around 1.1850 and be drawn towards decent option expiry interest at 1.1875 (1 bn).
Lets see how this pair plays out over the next 24 hours before jumping into any trade...
Eur/Usd may yet find support around 1.1850 and be drawn towards decent option expiry interest at 1.1875 (1 bn).
Lets see how this pair plays out over the next 24 hours before jumping into any trade...