Lots of statements from the EU FinMins and the ECB, yet the EUR/USD has only managed to rally 20 pips. The market is still very worried that Italy will join Greece, Portugal and Ireland in having to go look for help.
EUR/USD has failed to break above 1.4060 despite headline after headline of supposedly EUR bullish headlines. Forget about buying back, I think we should be selling more as the EUR looks very sick indeed!
