The EUR/USD pair looked very strong during the session on Thursday as we popped from the lows. However, we still see quite a bit of noise above, and as such are not overly excited about buying this pair. We think there are much easier ways to play the Euro, and as such we will continue to look for them outside of the market against the US dollar.
With the headline risks out there could be sudden floods of money into the United States. With that being said, you can find yourself on the wrong side of the trade rather quickly and this particular market. We don’t think that the issues in Europe are anywhere near being fixed, and as long as that’s the case, there will be sudden moves against the common currency. It’s
Written by FX Empire