• If necessary ECB will use other measures
  • Will not speculate on whether crisis will be L, V, or W shaped
  • I’m worried about debt crisis
  • Talk of euro breakup not based on reality

EUR/USD sits at 1.2405, ZEW data having come and gone. Was worse than expected but not as bad as had been rumoured.

Hearing US investment house tipping 1.2457 as key level in EUR/USD. Apparently last years low. Guess could be more stops parked just above there then.