EUR/USD firmer; China noted

Source: www.forexlive.com

EUR/USD is making some pretty good ground in early European trade. The pairing is being underpinned by decent risk appetite, realisation US rates won’t be raised anytime soon, and by an improving situation in the Baltics. Sources report China has been buying fairly agressively in this latest upmove. We sit presently at 1.4110, technical resistances now at 1.4120/25 and then 1.4160.


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