The extremely dovish comments from BOE MPC member Posen has sent the pound skidding and EUR/USD soaring, pushing EUR/USD briefly to 1.3513, nudging above the 50% Fibo retracement of the slide from 1.5150 to 1.1890.

So far, it looks as through the resistance is holding up as EUR/USD dips back to the 1.3490s. IF 1.3510 does not break in a sustained way soon (third time the charm?) I’d suggest taking some chips off the table if long.