EUR/USD is on the mend, boosted by continued resilience in US equities. After coming a long way quite quickly, dealers would not be surprised if either the US equity market or EUR/USD suffered a moderate correction. Stocks are down merely 0.3% after a 3% rally yesterday while EUR/USD is has given back a bit more ground.
A move back above 1.3325/30 area will squeeze out some of the shorts-taken on the swift loss of that level about an hour ago. 1.3283 was the intraday low.
