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EUR/USD steps back into the European equity market opening
The slide in the dollar has just now abated somewhat leading into the European equity market opening. Prior to that the GBP/USD had advanced further and lifted to 1.3469 and the EUR/USD had pushed just above 1.1350. Well, it is off that high right now and slipping back below 1.1325. The GBP/USD is also slipping back, towards 1.3425. The USD/JPY has also bounced from below 143.50 and so the broader dollar is off its earlier lows. As far as the EUR/USD is concerned, that 1.1300 level could be an important support level now. So, it will be important for the Euro to hold that as this slight intraday relapse unfolds. The EUR/USD is right now at 1.1324
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