Uncertainly about the next chapter in the European sovereign debt story has contributed to some relatively choppy price action on the euro. Yesterday, the final hours of the European trading day on the EUR/USD currency pair could be summarized as down 70 pips, up 70 pips. Today, it was up 50 pips, down 100 pips.

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Curt Wehrley
FX Bootcamp's Quantitative Analyst
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