EUR/USD began the week heavily on the defensive as the Chinese miracle was found to be more of a mirage. from 1.3825 lows we’ve rebounded nicely, in no small part to China harrumphing further about their dollar holdings. But in the bigger picture, where are we? Smack in the middle of the 1.3750/1.4337 range that has been in place since first half of June. “Sound and fury signifying nothing” comes to mind…
