A slow grind higher since taking out the stops above 1.4015, sees EUR testing the offers here at 1.4040 and above as we speak. There has been some EURJPY buying over the last 15 minutes, the first real sign of institutional flow, which is lending support to EURUSD. Good Yen cross buying for the first time today, has helped prop up the majors.
Market now targets stops above 1.4050 in EURUSD.