EUR/USD is trying to regain its footing after a profit-taking pullback. The inability of the single currency to pierce the top of the recent range and small year-end risk appetites prompted traders to liquidate long positions. ZEW economic sentiment surprised to the upside this morning, helping steady the currency. Lower energy prices and interest rates along with a stimulus package helped lift the gloom slightly.
Offers are eyed near-term around the 1.2890 level. 1.2850 and 1.2810 are support on dips near-term.
