For the past few days it seems the EUR like to be played by other currency, dominantly the US Dollar. Inspite of busy Monday and heavy data coming from EURO region. The common currency showed little interest in them.Also with all the Hoo-Ha about ECB measures , EUR is in tight range and is unable to break the 1.3600, ( it breaks and bounce back to highs) The movement of EUR has as of now been in the hands of USD . It would be interesting to see if the common currency can actually break this. The EURGBP is almost unchanged although the UK gave some positive data. The EURUSD seems in no hurry to cross 1.36 level. The correction of 1.27/1.39 seems to have stalled as i feel.
