The Italian disappointment continues weighting on the EUR that visited the 1.3017 level against the USD earlier today. The pair saw some short covering and spiked to 1.3118 but bears continue to lead: price fell back below the 1.3100 mark and sees some consolidation, ahead of US risk factors later today: housing data and Bernanke’s testimony before the Senate Banking Committee. Dollar may come under pressure if the Chairman turns dovish in regards of the economic future of the country, but
