The Euro slides on and everything seems to happening (thanks Fluffy !). We’ve seen some heavy drops in the last couple of days; I can’t help wonder if there is a trap or two to be fallen into bearing in mind the half-year end and the summer doldrums with nervous markets. It’s a lot happening all at once.
EUR/GBP strikes me as an example of a potential bounce with the expected buying out of the UK ( and an oversold market ) due later. I am not bullish but it could be an opportunity for today.
