EUR/USD is makng good ground early, presently at 1.3370. Risk appetite remains health, being underpinned by a number of factors including better than expected corporate earnings out of the States.
Out of 44 S&P 500 listed companies reporting yesterday, a hefty 37 provided better than expected results for the Q-1.
Stops in the 1.3350/55 area have accelerated the rally. Technical resistance now lies at 1.3390/95, which could well be tested fairly soon.
