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EUR/USD drifting lower this morning
Yesterday the EUR/USD edged back underneath the 1.0700 handle and that produced a low at 1.0690. However, the rebound that followed was as unconvincing as the fall which preceded it. The EUR/USD later closed in the US at 1.0714. The high seen earlier today was set at 1.0718, but it has just now slipped back below that 1.0700 handle again. It has not yet threatened the low seen yesterday, but the suggestion here right now; is that a break below 1.0690 might deliver something of a limited extension. We shall see on that, but what is also clear right now, is the much touted dollar outflow for the month-end is yet to show up, if indeed it will do at all. The EUR/USD is currently trading at 1.0698
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