EUR/USD rebounds from Asian lows

The noted fall back in the EUR/USD later yesterday afternoon saw the price test the 1.13 handle, as noted in an update here at the time. Well, since then the Euro rebounded from a US session low at 1.1297 and later posted a close at 1.1315. The early Asian price action saw it fall back to 1.1280 today, but it has rebounded again since then and lifted back to 1.1328 a short while ago. Hence, the dollar index (USDX) has once again rejected a move back above 100. There will be more to add on that in a dedicated update later this morning. The rebound in the EUR/USD this morning is far from conclusive, but it does once again underline the resilience of the Euro and all the while it holds the 1.1214 level that remains the case. The EUR/USD is right now at 1.1318