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EUR/USD running into sellers above 1.03 after US ISM data
The EUR/USD did somehow manage to print a fresh session high over the release of the US ISM data. In the melee and confusion that often follows important data like this, the EUR/USD traded to 1.0306. Well, that is hardly a spike is it and almost immediately it seems that someone sat on it and quashed the move. It was noted here earlier; that Euro sellers might not wait for a test of 1.0335 in case it does not appear. Well, right now it seems just as unlikely as it did earlier and it looks like some sellers have stepped in on the slight push above 1.03 a short while ago. The EUR/USD is now trading at 1.0288 and leaving aside the weak employment component of the ISM report, there is not really anything there to suggest the dollar should fall too far
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