The Euro has been oversold for weeks with investors expecting a rally a failure for the Euro to rally will expose 1.2000 levels, its all time low. This may not be hard to believe seeing the Eurozone is in a mess. So what will send the Euro higher versus an almost unstoppable Dollar.
Ultimately the technical side suggests a long position to 1.2779. the structure will present issues getting above that level. Time will tell.
Ultimately the technical side suggests a long position to 1.2779. the structure will present issues getting above that level. Time will tell.