The worries for Euro may have diminished, not for the European currency. The EUR/USD major pair, which was expected to go north in no time, is still on its toes. With my trades all in along with hope to remain in top-10 for this contest, things have become what they usually call as 'Hawkish'.
Now, this comes at the time when Kiwi and Loonie have made six year fresh lows. Usually, whenever multi year fresh lows are made, pairs rebound quickly and that's what we traders want to be a part of!!
After Greece voted through austerity demanded in return for another bailout, this improved interest rate differentials and drove the dollar higher across the board, including making the EUR/USD more attractive. That's my two cents.
Now, this comes at the time when Kiwi and Loonie have made six year fresh lows. Usually, whenever multi year fresh lows are made, pairs rebound quickly and that's what we traders want to be a part of!!
After Greece voted through austerity demanded in return for another bailout, this improved interest rate differentials and drove the dollar higher across the board, including making the EUR/USD more attractive. That's my two cents.
