Know that 1.4720 resistance has been cleared, there is very little in the way of restraining EUR/USD, from a technical perspective, until 1.4866, the high put in place amid the chaos which followed the collapse of Lehman and the US government massive rescue of AIG.
At that time the market was concerned about how the US was going to fund the $85 bln AIG tab. How quaint. Anything under a trillion is now hardly worth mentioning…
1.4800 barriers are seen along with way, but they’ve barely been speed-bumps to the rampaging EUR of late…
We trade now at 1.4750 with US equities adding to gains once again.
