This is the third occasion now in the last 24 hours when the EUR/USD has broken back into the 1.4690’s and each time it has failed to stay there. Either someone needs to buy badly or the market is impatient and considers each 50 pip dip as a buying opportunity. If its the former, then we are destined for 1.50 in double quick time, if its the latter, then I suspect that we see a 200 pip clean out before the uptrend resumes.