I must say after travelling for a few days and being away from the screens, I had expected the EUR to be somewhat weaker. Italian bond yields hit 15 year highs and it’s difficult to see any good reason to be bullish EUR. (I guess it’s difficult to find a good reason to be bullish anything apart from Gold).
The market will continue to sell EUR as the bad news builds, then it will be forced to cover as lifelines appear, and then the selling will reappear. It’s a good time not to be trading EUR imho.
