FXstreet.com (London) - EUR/USD has regained some of the losses it endured in the previous session. Pair was forced down as Dollar strengthened, market preferring less risky assets. Pair currently quoting at 1.4133, up 35 pips from the opening price.
Credit worries are snowballing, and were no doubt deepened as UK, one of the supposedly stronger Eurozone states, released CPI data indicating inflationary pressure is well up.
Pair now pauses and seems to consolidate in absence of major cues from the broader economy. Market now in a negative mood, fearing reduced capital inflows as banks are squeezed by central powers.
For primary resistance we take 1.4160, and for support should current trend extend further, we look at 1.4060 as an extremely important level.