This EUR move is not even a classic case of having to book profits believing that we are witnessing the single currency’s limited potential short term objective. The EUR seems to have run out steam this morning, as investors wait for market tidbits from the debt talks between Greece and its private creditors. Whatever the outcome, it will act as the catalysts for the EUR’s next move, albeit up or down. This has been a positive news event week for the markets most “crowded trade”. Being short of the EUR outright or on the crosses has been painful over the past five trading sessions. Many of the weaker shorts have ... (full story)