EUR/USD is testing resistance at Friday’s opening levels around 1.3380. Look for some small buy stops if that level breaks followed by more sell orders at the four-month high of 1.3390, which was set on Thursday. Even more sellers are lined up at 1.3400.
If you’re itching for a euro short — and I know some of you are — this might be your ticket. The risk is that Bernanke is dovish and it continues to climb.
