The EUR/USD chart looks especially bullish after breaking downtrend resistance following Bini-Smaghi’s rate hike talk and taking out the 50% retracement of the 1.3863/1.3428 decline a 1.3645. The next Fibo, the 61.8% comes in at 1.3697, just a few pips below a rumored 1.3700 barrier.
We’re consolidating gains now, at 1.3675.
