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Last year Mario Draghi said ''whatever it takes’' to save the euro, today we may see super Mario do just that, or will the Euro continue to depreciate further?
Long term outlook for the Euro still looks bearish however will volatility see the EURO support Draghi ''And believe me, it will be enough.” comments in the short term? Who knows?!
Could the euro retrace to 1.35? Given the recent decline it may just do that, because eastern Europe crisis disrupting ECB economic outlook could be temporarily reverted by Mario today.
Grab your popcorn and watch the action unfold later today.
The EURO bearishness may continue (check out my page blogs) however there are volatile counter trends which go along with the main trend.
Long term outlook for the Euro still looks bearish however will volatility see the EURO support Draghi ''And believe me, it will be enough.” comments in the short term? Who knows?!
Could the euro retrace to 1.35? Given the recent decline it may just do that, because eastern Europe crisis disrupting ECB economic outlook could be temporarily reverted by Mario today.
Grab your popcorn and watch the action unfold later today.
The EURO bearishness may continue (check out my page blogs) however there are volatile counter trends which go along with the main trend.
