There is relatively little movement in the currency arena so that clarity where to head next is still lacking, notes JP Morgan. "The USD has not provided stronger evidence yet whether its latest setback has been reversed," JPM adds. In EUR/USD, JPM thinks that the failure to surpass the key-T-junction at 1.3898 (minor 76.4 %) has certainly increased the risk of having marked a classical countertrend wave II or wave B top at 1.3906. "For the latter to be confirmed it however takes decisive breaks below 1.3819/1.3728 (minor 38.2 /76.4 %)," JPM argues. "Above, an extension towards the next T-junction on higher ... (full story)