Will the 1.30 round level prove too much of a hurdle for this EURUSD squeeze or could next week's FOMC usher in a further consolidation to higher resistance? The next three days will be pivotal for the short term EURUSD outlook. It’s more than tough to draw a theme from today’s market action. On the one hand we have German Bund yields and US bond yields surging higher on the day, suggesting some easing of the safe haven seeking of late (or was the resilience in bonds of late not a sign of safe haven seeking, but merely anticipation of QE3 and now we are seeing some consolidation in bond markets due to uncertainty of ... (full story)