EUR: EUR/USD - Heavy Price Action Is Telling

The EUR/USD range overnight was 1.1429-1.1471, Asia is currently trading around 1.1432, -0.15%. The pair continues to struggle anywhere back toward the 1.1500 area, pretty telling price action. The US Dollar's pullback has been non-existent to say the least when compared to the reversal across the broader market. Does it play catch up at some point or is this price action telling us something more. I have been skewed in favour of fading this rally in the EUR, with this weekly 1.1600 area pivotal for me. Can the US Dollar continue to ignore the surge in risk? It needs to break higher for this move lower in the EUR to gain momentum from here. If you are a EUR bear there is now a clear point back above 1.1650-1.1700 where you are wrong. The price action is now turning decidedly bearish and I suspect rallies are now likely to be faded short-term. On the day the first resistance is back toward 1.1470-1.1510 which continues to hold, through here the 1.1550-1.1600 area comes back into play. Looking for a test of the 1.1400 area first and then the years lows toward 1.1300-1.1350. * MNI BRIEF: Germany, CEE, Most Exposed To China 2.0 Shock - ECB. Germany and central European nations such as