Traders have been spooked enough by the prospect of a substantial (if not final) deal to sort out the European debt mess to cover shorts in EUR/USD the last week or so but it seems as though the closer to the so-called Wednesday “deadline” we get, the less confident the market becomes.
European share markets are all selling off this morning while EUR/USD is slumping from the 1.3960 area., now at 1.3895.
Asian bids are rumored on dips to the 1.3850 area if we dip further?
