The spotlight this week will certainly be placed on the ECB stress tests results which are expected to be released on July 23rd. As of late, the euro has continued its northern journey on the back of renewed optimism surrounding the potential outcome of these results. However, if the conclusion that surface later on this week is not credible, we may see EUR/USD price action dip back below the 100 day SMA.
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[Source: DailyFX Forex Market News]
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