The EU bank stress tests and some poor corporate earnings reports are keeping risk appetite subdued in the US morning. The focus is very much on Europe, where analysts and commentators are reiterating rumors about which banks may have failed the tests. An…
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Price action has been extremely choppy and unpredictable in EURUSD since the market topped out by 1.3030 a few days back and it is unclear at this pint in time whether we are on the verge of carving out a medium-term lower top or are prepping for the next upside extension towards the 1.3200 area.

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