EUR/USD beaten down to session low
The euro reached as high as 1.1355 in Asia-Pacific trading but it was quickly beaten back to 1.1320. A second rally in Europe stalled just shy of 1.1350.
Last week a couple runs above 1.1350 were also beaten back.
Still the trend in the pair has been higher.
My take is that there is some trepidation ahead of Jackson Hole.
It looks like a couple days of consolidation are coming unless something big lands.
