The Euro has gone down again as the concerns in Europe resurface again and there’s high uncertainty in the markets with the eyes set on the European summit on the 28th and 29th of June. The Euro has plummeted as there are concerns that the European leaders will not come up with a solution to the problems the eurozone is facing.
EURSD has been going sideways for the last couple of days on the eve of the summit.
The way I see it, the Euro is a never ending set of problems that have no real solution, unless it involves breaking up the Euro. Germany’s the only apple in the bag that’s not rotten.