EUR/USD has been in a downtrend on the short-term charts since December 3 when the US published improved employment stats. That downtrend is under threat this morning as prices rise close to 1.4292 where the line is drawn at the moment. Expect a few trailing stops in the 1.4300/20 area now, associated with this line.
Upcoming, we have US personal income and spending data. Income is seen rising 0.5%, spending 0.6%, for the month of November.
