EUR rallying like a freight train? Quick call the dpa and tell them something euro-negative.
The Germans did it all spring, helping push EUR/USD breifly under the 1.2000 level.
Here we are several months and 15 big numbers later…tie to undermine confidence in the single currency again…
Looks like the market is not buying it as EUR/USD bounces back from the 1.3350/55 area.
Technically though, EUR/USD does look like it is trying to put in a short-term top. 1.3250/70 is support on further pullbacks if 1.3350 is lost.