EUR/USD has rallied back over 1.3300 for the second time today, this time progressing to 1.3325(a session high) at writing. Risk appetite is in pretty good nick so far today.
The recovery is very impressive, the pairing having come under some fairly heavy pressure earlier this morning (1.3226 low) on the back of aggressive EUR/GBP selling. Sources report that a German bank out of Frankfurt (working over the holiday) sold a yard of euros against sterling.
Technical resistance now 1.3340.
