After a few failed attempts to breakout to the topside, the Euro bears would have been encouraged to see the opportunity to climb on the Egytian protest bandwagon and a few of the more vociferous were spruiking the ‘I told you so’ line and over the weekend and in early Asia the Euro was ‘doomed’ again.
However it doesn’t take much and there must be some puzzled shorts….even Goldmans were reported to have reversed their bullish call ( somewhat understandable till the air clears…)….where from here? Well we are in the same range aren’t we ?
