Well December is upon us and the heavy snows in Europe and the heavy weight of the Euro both look bleak and troubling.
A pinch ‘n a punch to all ! The Euro is opening very soft near the overnight low at 1.2969 with, as Jamie alluded, barriers just below.
The wise men have spoken which leaves the shepherds and other hangers-on to have their turn…seems they are all a tad early in their festive (lack of) adoration for the European currency.
It’s hard to suggest an alternative route as clearly the short positions are increasing and pull backs are likely to provide an opportunity for earlier non-believers
