EUR/USD is back under pressure after its rebound ran into resistance at 1.3655/60, an area where we found modest support earlier in the day.

Bernanke’s spirited defense of the Fed’s domestic monetary policy focus may have soothed some nerves of the market. He put the onus on emerging markets central banks to hike rates and let their currencies strengthen to offset commodity-price inflation.

EUR/USD fell as low as 1.3610 on this latest dip; bids are seen toward 1.3600 but stops are eyed just below. More bids are seen toward 1.3575; heavy stops around 1.3565/70.