The Greek bailout is now underway and the Euro is continuing to weaken. EURUSD is now at its lowest point since 2006. EURJPY’s low for this month marked its lowest point since 2001. Gold has also recently set all time highs priced in Euros.
While much of the decline has already occurred, never underestimate trends in the Forex market. Look to sell the EUR on rallies. EURUSD and EURJPY are likely to be the big movers […]