EUR continues to be very well supported
- The strengthening Yuan is leading to some quite heavy EUR buying from Chinese interests;
- Sell orders near 1.3800 in EUR/USD are quite heavy but there’s not much sign of a dip;
- Some of the crosses like EUR/AUD and EUR/GBP made some very easy gains yesterday suggesting more topside ahead.
I’d still tend towards buying dips in the EUR/USD, perhaps something like a 1.3650/1.3850 range in coming days? Sorry, no strong feel on the ultra short-term stuff.