Equities turn lower; EUR pullback

EUR/USD is easing in its range, now back below the 1.3600 level. US equities are lower on the day after a firmer opening, helping dampen risk appetites.

Details of Obama’s helath insurance proposal are hitting the tape. Perhaps that is undermining stocks.

1.3874 is the 38.2% retracement of the 1.3443/1.3555 rally, and is next support if 1.3585/90 gives way.

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