Cable dipped as low as 1.4988 and EUR/USD tested 1.3862 lows again in recent moments.
EUR/USD has been unable to hold rallies all day long, not even mustering a shot at the former 1.3900 support on its earlier anemic bounce. ECB’s Constancio was doubtful his country can meet its budget obligations by the 2013 deadline while lingering concern over Greek rollover risk weighs as well.
1.3900/10 needs to break to the topside for the euro to escape the immediate downside pressure. 1.3825/30 is solid support on dips.