"Following another weekend of consistently disappointing news on the latest and
greatest bailout front, where the #1 question of just who funds the €560 billion
EFSF hole remains unanswered, it is not surprising that the EURUSD has entered
the pre-market session modestly lower. If China continues to posture as it has
over the last 48 hours, expect this to trend lower as Asia wakes up, with the
only possible saving grace the fear that weak-hand residual EUR shorts, which as
noted
on Friday remain at stubbornly high levels, may cover on any slide..."
at http://www.zerohedge.com/news/eur-opens-lower-bailout-disenchantment-returns
at http://www.zerohedge.com/news/eur-opens-lower-bailout-disenchantment-returns
