Us equities have recovered much of their early losses. They were down nearly 5 points 30 minutes ago and are down just over 1 point at the moment. The market absorbed the Citi earnings report, which is a positive.
EUR/USD is bouncing as well, now inching back above the 1.4290 level where the 200-day moving average resides. We trade now at 1.4295. 1.4230/35 is resistance.
