EURUSD The euro is trading higher this morning, after finding support once again around 1.3450 yesterday. The pair also failed to close below the 50 fib level again, confirming both of these levels as major levels of support. Given that the recent sell-off in the euro is largely due to rising expectations of an ECB rate cut tomorrow, I think we’re unlikely to see this level broken again today, unless news of a rate cut is leaked. At the same time, I don’t see the euro rallying much either, which suggests the sideways trading that we’ve had this week is likely to continue for another 24 hours yet. With that in mind, ... (full story)