Hours of indecision seem to be resolving themselves to the topside with upbeat US economic data (retails sales, Empire State , IDB/TIPP) and potentially hawkish comments from Stark (might have to raise rates before markets healed, risk of bubbles if rates too low, too long) are helping give EUR/USD a lift to fresh intraday highs.
It took awhile to burrow through offers in the 1.4615/20 area but has gone quite bid since doing so. Offers are seen from 1.4645 through 1.4660 (where a barrier is rumored). Fresh buyers are seen if 1.4660 is overcome. 1.4720 is a topside target if momentum resumes, the December high after the Fed announced a shift to QE. EUR/USD trades now at 1.4635.
