EUR/USD is squeezing higher, toward 1.4720 where we began to accelerate to the downside earlier. All of a sudden we seem to care about US equities, which have been waffling close to breakeven most of the day.

The S&P is testing resistance at 1070.50 in the S&P. A break could see a run at 2009 highs at 1080. If we see a late stock surge, EUR/USD could be dragged higher.