EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of their earlier losses which may be giving the pairing some tenuous support. Technical supports now 1.3805/10 and 1.3795. Resistance initially at 1.3875/80.
EUR/USD trying to steady at lower levels
Source: www.forexlive.com
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