The sell orders in EUR/USD that we’ve been mentioning just shy of 1.3400 are holding the retracement rally for now and should continue to do so ahead of the ECB, at least during Asian trade. I’m sure there will be plenty of trailing stops above there which could come in for some attention during the European session.
Demand for EUR/CHF remains strong with lots of noise in the market re further SNB action and the AUD/USD has also made a nice recovery after technical support at .9400 held the first attempt.
Good luck today.
