Euro dollar continues in bearish mood, and now approaching key support levels

An interesting week as always for eurodollar traders, with the pair flip flopping between price congestion and extremely volatile moves. None more so than on Wednesday, following Ben's last meeting, changes in committee members, and the ongoing question of tapering. As Janet settles into the chair, market focus is now on the exotic currencies currently grabbing the headlines, and with risk on appetite evaporating, we may see further save haven buying in the short term.