Mr. Market is slicing and dicing again today, as bid now as it was offered just under 24-hours ago when it fell to 1.3914. Reports of central bank interest at both 1.3950 on dips and 1.4150 on rallies remains operative, as far as I can tell. Buying strength is strongly discouraged in this environment… EUR/USD changes hands now at 1.4100, AUD/USD at 0.8190 and GBP/USD at 1.6550.
It slices, it dices
Source: www.forexlive.com
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