EUR/USD has completely reversed its month-end slide, rebounding through the 1.4150 area despite gloomy European headlines, worse-than-expected ADP data which typically weighs on the reflation trade and central bank sales along the way in the 1.4130s. Stop-loss running and reflation hopes after solid Chinese PMI are in control this morning.
There is not much technically to restrain EUR/USD until the 1.4266 level.
