Calmer European sovereign debt and and a general risk-on attitude are helping send EUR/USD to its highest levels of the new year. Prices have broken above the band of resistance in the 1.3450 area and they now look like they want to fulfill the technical target above 1.3700 after breaking out of the falling wedge on the daily charts late last week.
Support now is toward 1.3500 and 1.3440 on pullbacks.
German spokesman is on the wires saying the government has not made any decision on a candidate to succeed Trichet.
Lying through their teeth, the are…
