EUR/USD: Pullback Fails To Reach 1.2930

To say things were lacklustre may be an understatement. EUR/USD pulled back after failing to break clearly above 1.2955 but this dip has only managed to work spot as low as 1.2935. This fails to match to 1.2930 seen amid the early European pullback and as a result the focus us likely to remain on the topside. However, while the 1.2960+ stops remain intact the topside will continue to look unsustainable.