Real money selling and profit-taking ahead of the 61.8% fibo of the 1.3862/1.3508 decline which comes in at 1.3727.
EUR/USD is consolidating now around 1.3711 with no major news from Bernanke’s House Budget committee testimony. He still sees unemployment as too high, suggesting to QE2 will steam to its final, $600 bln destination.
