EUR/USD climbs 30 pips
The euro struggled in the back half of last week as the US dollar took a bit out of most of the market.
On Friday it tested the June 6 low but was able to hold it and has bounced today. The 30-pip gain to start the week isn't particularly impressive but it helps to underscore than 1.12 is the key short-term support line ahead of the FOMC. If it breaks, expect a quick trip back to the May low of 1.1107.
