The Euro retreat back through important support at the 1.2350 level will undermine near-term Euro sentiment and there will also be fears that narrow ranges will again prevail in the short term. Greenspan is likely to be generally optimistic today, but the dollar will still find it difficult to secure strong buying interest. Overall, the Euro needs to push back above 1.2350 to regain momentum, but the dollar offers little immediate value stronger than 1.2250. The Euro lost support at the 1.2350 level during Monday as short dollar positions were closed. The Euro weakened to a low of 1.2260 before a slight recovery to ... (full story)