EUR/USD dipped to the 1.4730 area before staging a mild recovery. Stocks have pushed back into plus-territory as well. EUR bulls are scratching their heads after this morning’s rally on strong ISM data has lost all its intraday gains and then some this afternoon, but they can take heart that China is protecting the downside at 1.4680/85.
EUR/USD trades now at 1.4770. Minuscule resistance is now at 1.4775/80.
