Impressive start to the month for the euro via ForexLive

The euro was the worst performer in August but short trades are crowded and they're taking some money off the table as EUR/USD moves into the lead as today's best performer. Cudos to Greg, who dusted off his ForexLive rust earlier today and said this about the euro:

Is there a reason to buy?  Eh, yes, the 103104 level is a risk defining level and traders who stuck their toe in the water are felling ok – not great but there is not much pain or anxiety (risk is limited)

The 5-pip daily gain against USD certainly isn't mind blowing but there is chatter about stops above 1.3140. The gains against GBP (60 pips) and JPY (103 pips) are more impressive.

posted via ForexLive