There is a potential for a SHORT TERM RALLY of the EUR later after the OPTIONS EXPIRY because of short speculative positioning.
Summary: After the options expiry at 10am and the big pay out is achieved then there may be a retrace to enter short again.
However it is acknowledged that because of the embedded sentiment it is hard to see how the current downtrend will be reversed longer term without positive news on bailout arrangements across the Euro zone
Summary: After the options expiry at 10am and the big pay out is achieved then there may be a retrace to enter short again.
However it is acknowledged that because of the embedded sentiment it is hard to see how the current downtrend will be reversed longer term without positive news on bailout arrangements across the Euro zone