FXstreet.com (Córdoba) - The Euro jumped during the American session against the Dollar, rising more than 60 pips, to 1.4701. From there EUR/USD started to pulled back and found support at 1.4670. Currently the pair is moving sideways and is 0.05% below today's opening price, falling for the second day in a row. Greenback needs to close Monday below 1.4640 to open a possibility for a bigger drop in the pair.
According to James Hyerczyk of ForexHound.com: The EUR USD is consolidating at the midsession after several weeks of strength. The Euro still holds an interest rate advantage over the Dollar so don't expect it to get too bearish. Most of the movement is just housekeeping ahead of the Fed report on the 23rd.