EUR/USD trading is off to a subdued start in Europe, the pairing presently sitting at 1.4235. Risk appetite is in ok shape as I type but this could have changed by the time I get to the end of this piece, such is the fickle nature of the market these days. Well, slight exaggeration, but not too much.
Asian stocks did ok overnight, Chinese stocks rebounding, and their European counterparts look set to open firmer.
Technical support 1.4200/10, resistances up at 1.4255/60 and then 1.4295/00. I would suspect that there is some nervousness amoung euro bulls off running into renewed Asian sovereign sales the closer we get to 1.4300.