EUR/USD has pulled back quicly from the 1.2635/45 area, now around 1.2590. Looks liek lingering concerns that the stress tests may not be all that stressful are weighing on the euro.
Equities are modestly off their highs at 1044.80 intraday, now at 1040. A close above the 1042 area will brighten prospects while continued failures will only strengthen resistance on rebounds….
