EUR/USD is pausing for breath after a furious rally that has propelled us nearly 7 cents in a week’s time.
The pair has been as high as 1.3833 and now consolidates around 1.3815. 1.3840 is the 38.2% retracement of the 1.4940/1.3140 decline…
Stops are seen above that level which could put resistance at 1.3925 at risk later this week.