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I think EUR\USD will reach 1.1250 level before it resumes the down-trend. Today's volatility was certainly impressive and I believe we are going to see more "wild moves" in the days ahead.
Tomorrow, during the ECB press conference, Mario Draghi will for sure be asked question about Greece, and whether Greek banks are solvent and eligible for bridge loans. Depending how well he avoids the answer, euro might just drop back below 1.10. And on the top of that, NFP are only 3 days away. So, let's brace for more 200+ pips days.
Tomorrow, during the ECB press conference, Mario Draghi will for sure be asked question about Greece, and whether Greek banks are solvent and eligible for bridge loans. Depending how well he avoids the answer, euro might just drop back below 1.10. And on the top of that, NFP are only 3 days away. So, let's brace for more 200+ pips days.
