EURUSD should be trading somewhere around PAR or below. It's being held up by EURO activists Germany already printing new currency to leave the euro. Spain, France, and Greece are still wavering. The euro is just a side show, don't get caught long the currency that is backed by NOTHING.
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NiyoSoul
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Even if it's backed by less than nothing.. the US basket case isn't helping, i'd sit on the sidelines and wait for clear indications ...