EUR/USD reached 1.4213 as stops above resistance at 1.4205 were triggered. We’ve since stalled and are now set for a consolidation above the 1.4150 level.
New record highs for gold are euro supportive this morning as are oil prices above $106.00.
Portugal will probably get its bailout sooner or later but that is well-anticipated by the market. Spain is the line that cannot be crossed as far as EUR viability is concerned.
