EUR/USD has finally established a beachhead over 1.4000 and is seeing acclerated gains to 1.4035 at writing.
The pairing is being underpinned by growing worries surrounding burgeoning U.S. debt and its servicing, decent general risk sentiment and to a slightly lesser extent the release of better than expected German retail sales data.
Technical resistance now up at 1.4045/50. Sources report buy stops gathered just above 1.4050.
