General risk-off sentiment prevails. The Germany bubill (1-year debt) yield had a new record low, at 0.26%. Low yields in the US are even awakening doves.
“The downtrend from 1.3282 is already over and the pair is in a ranging mode above 1.2640. After today's precise test of 1.2815 I expect a few ranging swings above 1.2740 support, before next leg upwards, to 1.2910 resistance zone”, wrote Deltastock.com analyst Stoyan Mihaylov.