EUR/USD remains in consolidation mode after bouncing of the 100-day moving average at 1.3968 earlier in the session. We’ve run into consistent selling interest near the 1.4050 level but should that level be worn away, look for a move toward resistance at 1.4075/80.
EUR/USD is following a familiar patter of weakness first thing in the morning followed by afternoon strength. We trade now at 1.4042.