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EUR/USD falls back towards 1.12
The earlier upside break in the EUR/USD delivered a high at 1.1266. However, it has now pushed back below that earlier 1.1214 breakout level after repeated attempts to rebound back above 1.1235 have failed for the time being. The driver for this is not exactly clear, but then again neither was the charge higher this morning. So, we out that down to increased volatility in the FX space and stops and orders doing the rest. That 1.12 handle has remained intact on this downside run so far though. The EUR/USD is right now at 1.1211
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