A flurry of headlines helped take EUR/USD to session lows at 1.3872 but prices have rebounded back above 1.3900 with rumors if Chinese dip-buying making the rounds. Also helping is a reminder from Moody’s that looming social security and Medicare liabilities could endanger the US AA down the road. Support at 1.3855 never came under serious threat, giving comfort to the bulls.
Just crossing the wires are comments from Greek central banker Provopoulos who says the economic outlook of the euro zone remains favorable.
1.3935 is resistance for EUR/USD near-term.
