The IMM floor closes in 14 minutes. Is it a coincidence that EUR/USD is pulling back? Maybe, but it does add a little credence to the talk that the topside spike was in large part fueled by a trading error earlier today.
US equities have dipped off their highs and trade up 0.65% as I write while DXY held support at the 78.35 level. Both are supporting the greenback and undermining the euro a touch.
Support is pretty hard to come by given the vertical rally this morning. Fibo support comes in at 1.4196, the 38.2% retracement of 1.4085/1.4267.
