Yeah thats great but I'm short calls at 120 with Friday expiration.
Will the Euro recieve a technical bounce all week or do you guys think it will fall more by Friday?
What technicals are you guys looking at? We all know Europe's debt situation over the long term is dire and letting the currency slide will help them out fiscally but I'm talking about the next 3 days... I need short pressure on the Euro... Any indicators people are watching?
everything will swing on the German/French interaction at the EU meeting on Thursday - if they are able to present a united front with regard to policy to promote growth & defend Euro, the E could bounce to 124/125 by Friday. When trading opens in US Thursday morning the exchange ratio will signal the outcome of those talks.