Merkel: We don’t have forever

  • “Markets hardly give us months” to deal with euro
  • Wants a strong UK in the EU

EUR/USD has lost its link to stocks and is feeling some modest upward pressure on short-covering. What can’t go down often goes up. 1.2780/85 is resistance, Expect stops in the 1.2790/1.2800 area from day traders.

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