Jittery psychology out there today, with the combination of profit taking &the rumor mill working overtime on both Euro & GBP spooked the ($) Bears today.
Pound fallout rumored (unconfirmed) to be deal driven, then a poss BOE "announcement" doing the rounds. Casting an eye on the Daily techs printing those indecision bars up at 1.9900 past couple sessions would undoubtedly have unsettled stops lurking underneath 1.9800 no doubt.
Doesn't take much arm twisting on a Friday to lighten up the load, especially in current conditions.
More Bank (European) tittle tattle doing the rounds prob assisted in capping a further EURO push this p.m into NY. Soon as EURJPY 157.0 came calling, that was that for the day.
Dips anywhere from here to c4750, stronger to the 4700 handle should attract bargain hunters I would imagine.
