EUR/USD is trading a little easier at the start of the European week, presently down at 1.4875 having closed out last week up around 1.4905. The inability of the euro bulls to push on through to 1.5000 last week seems to be weighing and prompting some euro longs to thin positions.
There will also be caution among euro bulls given the regular euro zone finance ministers meeting taking place today in Luxembourg, with burgeoning euro strength seemingly on the agenda.
Technical supports 1.4830 and 1.4795/05, resistances 1.4915/20, 1.4950/55 and 1.4969.
