We stalled early yesterday afternoon at 1.4242 and topped out earlier this afternoon around 1.4237. No surprise, stops are being perched just above these recent highs and above 1.4250, a roundish sort of number.
A break turns the focus on the 1.4340 high Monday morning. 1.4450 should be very strong resistance if a broader rally unfolds..
The S&P is back toward break even while oil has reversed nearly all its losses and is now sown a mere $0.23 at $97.19.
1.4195/00 is support on dips near-term. 1.4120 is strong support now after repeated buying from Asian central banks at that level.
