Looks like a game of hot-potato out there today. Dealers held the potato as long as they could after central bank buying of EUR/USD and firm German inflation data but the euro got too hot as it approached the key area of resistance near the old trend highs.
The Reuters article that indicates there will not be Irish bank liquidity facility announced today was a further catalyst to cash-out and book profits before month-end.
1.4150 should provide support on dips for EUR/USD near-term while offers are seen being lowered now to the 1.4200/10 area.
