EUR/USD raced up to 1.4977 about 40 minutes ago, boosted by comments from the Fed’s Bullard that the Fed may not adjust rates higher for another 2+ years and on Goldman’s bullish note on EUR/USD through year-end.
It was unable to hold gains above 1.4975 resistance, however. Prices have pulled back to 1.4945 now. Keep an eye on support at 1.4910. We suspect that stops are growing below that level now.
US equities have turned lower on the day, down a touch over 0.4%.