EUR: Do nothing and watch for a dramatic reversal this week |
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EUR Comment: The US dollar gained against nearly all currencies in what must be a desperate move to repatriate all and anything in a desperate bid to shore up crumbling edifices at home. Needless to say the USD is more overbought than it has been in a long time and that bearish momentum on the Euro is at a record. One-month at-the-money implied volatility at 16.80% is at a new record high. Stand aside if possible. Strategy: Do nothing and watch for a dramatic reversal this week, possibly
Filed under: Technical
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