Is the status quo good for EUR/USD?

I guess it beats a restructuring of Greek debt, but merely delaying the inevitable should limit EUR/USD strength in the near-term, I’d suspect.

Talk is of the BIS selling EUR/USD now at 1.4265/70… Stop loss buyers are eyed at 1.4310 should we rally.

Jobless claims up next, expected at 420,000 from 434,000. Sounds a bit optimistic to me given massive flooding in the lower Mississippi River valley…