Held support ahead of its 200 hour moving average and sellers are turned buyers On the the topside the high from yesterday at 1.39569 is also the high for the week. The the pair has been mired in a 85 pip trading range for the week. That it is historically low if it were to remain through tomorrow. Unless you believe
Eurostoxx futures -0.7% in early European trading
Defensive tones in early trades This follows a more subdued mood in Asia, with the Nikkei closing down 1.3%, the Hang Seng being down 1.9%, and the Shanghai Composite down 0.5%.