If the long-entrenched 1.4800/1.5060 range gives way today, be aware that the uptrend from the March lows comes in not far below at the 1.4780 level.
One the wires, the World Bank’s Zoellick says the rest of the world can no longer rely on the US consumer to bail them out and that tough times lie ahead for central and eastern Europe.
EUR/USD trades in the 1.4850s as US equities trade weak, down nearly 1.6% in early trade.
