Euro update

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:

NMMM.NU said...

Do you think that US will print more money than the EU, or you think EUR have stronger fundamentals in general :D