EUR/USD rallied during the European morning as the DAX bounced


EUR/USD rallied during the European morning as the DAX bounced and the Bond markets weren’t getting the moves seen during the previous days. More talk of ECB buying Bonds with pockets that wont empty supported the pair into the US morning. Position squaring from the bears also had an effect as taking profits is much easier than cutting losses. Talk of option expiries in NY at 1.3400 kept the price bid during the US morning but once the market thinned out the price moved quickly lower as

Comments are closed.