EUR/USD has put nearly a cent between its present price and the resistance lie at 1.2950 which was penetrated on an intraday basis yesterday but failed to close above it. 1.3000 will now provide support on pullacks for the balance of the session. Medium-term EUR/USD shorts may look to square position now that the triangle that has constrained prices in recent weeks has broken out against the trend, a sign a durable bottom is in place. With any luck, stocks have bottomed as well and personal retirement accounts will begin to replenish themselves.
