EUR/USD had a back and forth session on Tuesday, only to end up where it started basically. This is telling as we saw a massive "risk on" rally around the world in the various stock markets, and as a result we are very unimpressed with the Euro and its lack of follow through on the session.
The EUR/CHF continues to taunt the Swiss National Bank at the 1.20 level. This standoff will have to come to some kind of conclusion before too long.....
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