There’s been a EUR crisis and everything is still bearish up to this point. But on Friday, there was a news that affected the currency. It was a bullish news giving immediate financial relief to Greece. But then again, Europe is such a large continent and the next in line with the same financial crisis is Italy. We will see if there are still countries willing to help Italy just like they did for the Greece bailout. I doubt that it would be possible and you can’t help each country at the same time, considering you need a lot of money to do so.
We are still on track and the technicals are still bearish. I’ll try to enter the trade this week.