EUR/USD has been firming in the wake of the horrible US PPI data and on a bounce in US equity futures. We’ve had a slew of bank earnings this morning in the US and I guess the market is breathing a sigh of relief.
Technically, my favorite chart pattern is playing out on the very short-term charts, the double bottom. A sustained break of 1.3710 should yield a pop to 1.3760. Keep stops tight.
