EUR/USD has fallen below the 1.4130 level, dipping as far as 1.4113. Modest support is seen at 1.4109, the 76.4% retracement of the 1.4005/1.4445 rally. A break targets a move toward the base of the range at 1.4005, though sources report decent buy orders on order books below the 1.4100 level.
After months of very tight correlations between the US equity market and the EUR/USD, the market is looking for fresh correlations to latch onto.Hey, it’s easier than thinking!
Friday, rising US interest rtaes was a theme, though today bond markets are quiet.
