EUR/USD continues its afternoon recovery after establishing a floor at 1.3525 this morning. 1.3656 is next resistance for the single currency. Expect a stop-loss (or ten) to be spotted just above that level.
The S&P is up 1.5% this this afternoon despite the poor jobless claims data this morning as markets show a degree of resilience today that they lacked yesterday after weak US retail sales. EUR/USD trades now at 1.3649
