EUR/USD has come under some pressure, presently at 1.4065. The pairing isn’t being helped by a Deutsche comment that has hit the wires; that German, Irish, Nordic banks still look weak.
Deutsche do concede however that most European banks would pass a “stress test.” But then the word “most” means some wouldn’t., ummm.
Also European stocks are underwater in early trade, which won’t be helping likes of euro and sterling.
Anyways, sources report some buy orders lying in wait down at 1.4050, with sell stops gathering just below there.
