The USD regained some ground against the EUR and the AUD overnight but I am not putting too much importance on these moves, it looks like noise to me. The well chronicled 1.48/1.51 option barriers seems like the range for EUR/USD for the rest of this week at least. EUR sentiment is affected by continued rumours out of the European banking sector but it is almost impossible to find good reasons for buying the USD whilst the US remains so debt-laden and with their interest rates at zero. Sound like a perfect recipe for some range trading.

Good luck today