EUR/USD has retraced 61.8% of the fall from ear 1.4500 earlier this week on the latest rally to 1.4336. Traders note very little interest to establish fresh positions ahead of a weekend in which a Greek confidence vote and a Eurogroup meeting are set to take place. Looks like short-covering will dominate. More stops are eyed above 1.4350/55.
Risk on sentiment in most markets is helping keep lots of wind in the euro’s sales.
