They've got to do something in this weekend's (probably will turn in to an all-weekender) EU Summit, right? At least steps towards Euro-wide banking supervision, maybe hints of German willingness to give the ESM a banking license. What we won't see is Eurobonds/bills (German opposition) or budget rule enforcement (France, et al love to use other peoples' money), etc. So for now, I've closed my EUR/USD position. I may reenter it or another upon news, but for now, I'm taking the anticipation-of-EU-Summit-failure profit and moving aside.
Closed M6E short at 1.2437, gain of 26%.
Closed M6E short at 1.2437, gain of 26%.
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