DislikedAs usual, the EU is showing the same reaction at these levels. But this time it is all about the fall of 2007(see chart attached). The fundamentals are continuing to unfold. But the issue is not the breakdown of the monetary union, its the breakdown of the political union which will be the inevitable consequence. The exit of Greece, Portugal, Ireland, if it should happen at that stage, will be sold as a positive to the "markets" and the EU will continue its rally to higher levels. It will come to an end when the political breakdown will be at...Ignored
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