I’ve read reports from three different bank analysts today and they are all more or less saying the same thing (then again they usually do always say the same thing!!). The overnight move higher in the EUR was an aberration as there is nothing in the EU debt deal which should encourage long-term EUR strength, and it should start falling back pretty soon.
In my experience, if you have the choice between listening to bank analysts or listening to what the market is saying, turn the analysts off.
