Mr. Market is getting his groove back on this afternoon. Stocks are in the black despite last night’s Apple earnings debacle (relatively speaking, of course) with optimism on the rise for more Fed action, hopes for a deal to allow the ESM to get a European banking license (and thus lever-up to buy scads of Spanish and Italian debt).
Session high of 1.21705 are within reach as spot changes hands at 1.2162. Stops are eyed above 1.2175 while sellers are seen at 1.2200/20.
