ECB executive board member Tumpell-Gugerell says that the euro is not a one-way street and Greece must make good on its reform plans.
Sounds like she is from the “show-me” state of Missouri rather than Austria…
3 Responses to “ECB’s Tumpel-Gugerell: Euro not a one-way street”
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AUTOREFRESH 
I am adding a lot to my short on eur usd now at 1.3670 as
price is challenging the 30d ma that was rejected during the previous correction a couple of months ago and it has not been crossed since the beginning of the decline. From fundamentals the crowd has accepted that the euro felt because of Greece (when just the later part of the decline could be attributed to it) and that it will pick up now as efforts are being made. Also stocks are at critical levels and at least a bit of chickening out can be expected.
The Greeks are rioting in the streets today, so SELL! However, I suspect the EUR might fall farther/faster if the rioters got what they wanted. Too bad, too (short here).
hello jamie, maybe EUR/USD fall tomorrow at london opening and return to 3500