Forex: EUR/USD tests intra-day at 1.4280

FXstreet.com (Córdoba) – The Dollar weakness continues across the board. EUR/USD is near intra-day high at 1.4280 testing those levels, after Greenback recovery found support at 1.4235. The Euro is rallying on Friday against the Dollar. The pair is up 1.40% from the opening price and has recovered form Wednesday loses.

“It looks like the government's popular (up tp $4500 back) cash for clunkers program, it about to be junked. Coming from this group of Washington spendthrifts, excessive cost to the government is cited as the unlikely reason. More likely President Obama, and his keepers of the Chicago Way, are searching for a way receive, in return, a portion of this government largess. Reinstatement of the program will likely occur if some of these details are remedied. The trade Monday should prove to be interesting. Are we getting ready for an assault on the 1.4300 resistance or the 1.4000 support?”