FXStreet (Barcelona) – According to Kit Juckes of Societe Generale, the upside spike in EUR/USD remains a good sell opportunity but requires a catalyst to trigger a downturn.
Key Quotes
“EUR/USD is in the right area to sell, back at the top of its range, but it’s unlikely that the Euro group meeting’s inability to reach Greek debt deal will surprise anyone at all, so we need a new catalyst to spark a move lower.”
(Market News Provided by FXstreet)