EUR/USD firmed briefly above the 38.2% retracement of the drop from 1.4249 but we’ve been unable to hold above that level just yet.
We’re consolidating now around the 1.4100/05 level.
The prospects for higher interest rates in Europe are the main attraction for EUR/USD while sovereign debt woes and hopes for an end to super-accommodative US monetary policy in the coming months the a pluses in the dollar’s column…
