After the earlier Trichet-induced fun and games, price action has steadied noticeably in EUR/USD. It’s rallied back above 1.4400 from the session low 1.4379 which was reached after the ECB President further heightened worries surrounding Greece.
Russia is reported to be selling around 1.4410, which has so far helped capped the rebound.
EDIT: Talk of small stops placed through 1.4425, larger through 1.4460.
