EUR/USD is retrenching slightly after an early pop to the 1.4875 area. Support on dips is seen at the 1.4840 level again and at 1.4815/20, the top of the recent ranges.
The US data calendar is light this morning, with chain store sales and IBD/TIPP economic optimism the only anecdotes. This will have traders eying stocks and commodities for cues again today.
We trade now at 1.4853.
