I think the Euro/USD drop has been overdone, at least on the short term and we are near a two year high for the USD. Bearishness on the EUR is extreme, short interest too.
On a more fundamental side, I'm not sure the EUR/USD will break the 1.25$ unless something a lot worse than the Greece incident happens in the short term.
I've decided to close my position, opened at 1.49xx$ per € this evening, at 1.27xx$ per €.
1 comment:
Do you think that US will print more money than the EU, or you think EUR have stronger fundamentals in general :D
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