Central banks have been buyers of EUR/USD around 1.350 this morning but should those bids fail to hold the line expect heavy stops below the 1.3640 level. EUR/USD has been in a mild hourly uptrend for the last several weeks but we are threatening the base of that channel in early US trade. Growing discord within the EU over Greece and imbalances between the haves (Germany) and the have nots (everyone one else) could be a catalyst for further EUR sales.
EUR/USD trades now at 1.3675.
