The European currency started to rally during the previous week despite the bad situation in the European Union. By doing this, the currency has set the stage for volatility and strength for the week to come as well. At the middle of the previous week, the Euro/US Dollar FX Options and Futures Sentiment has reached the most bearish extremes in a long time, which point out to the fact that the trend may be headed higher during the days to come.
The EUR/USD pair is going to be more volatile in the days to come due to the German ZEW economic sentiment data and to the highly-anticipated US Federal Reserve interest rate decision. Nonetheless, unexpected developments may take place at any time due to Greece and to the fact that the debt crisis can become worse at any moment, without previous notice. This means that the Euro fundamentals are pointing towards troubles and towards further declines of Read more »