EUR/USD is on the rebound as risk aversion eases after a round of strong US economic data. The S&P has cut its losses dramatically, now down less than 5 points while European bond spreads are easing with Spain now 288 bp over Germany from above 300 bp earlier today.
1.3040/45 is resistance on rebounds intraday with more eyed up at 1.3075/80.
We trade now at 1.3020.