Today is Cyprus vote time.
I’m very puzzled. Very very puzzled to why the price of the EUR does not have the various things such as :-
- The Cyprus vote today
- The possible ECB rate cut
- The bad data that keeps appearing
Priced in. It seems the bullish EUR just keeps rising when I would have expected something. This means though that if either one of these 3 or all of them continue, or happen, the EUR could drop like a lead balloon.
I have orders on SELL EURJPY, EURUSD, EURGBP below the current breakout level. If Cyprus quits the EUR today I’ll be in quite a bit of happy moolah, if not, I’ll just take the order off.