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Suddenly, Euro is rallying today fueled by talks about Greek debt and possible agreement. EUR\USD is well above the 1.1400 as if all the problems were resolved already. But truth is that nothing is resolved, in fact, this is just the beginning of more trouble to come. But market does not want to look that far ahead, not even to this coming Friday brining US NFP.
In my view, by the end of the week all market participants will be selling Euro as NFP will surprise again to the upside.
My prediction…
In my view, by the end of the week all market participants will be selling Euro as NFP will surprise again to the upside.
My prediction…