Some moderately bullish comments from Mersch and Trichet, M&A talk, and a favourable showing from Frau Merkel in regional elections all helped the EUR/USD to tick higher in early trade. Heavy selling ahead of 1.4200 repelled the bulls and EUR/USD has now slipped back towards it’s NY closing level at 1.4165.
With Tokyo on holiday today, we might be in for a verey quiet session.
