EUR/US$ in the Face of the Italian Crisis – Check detail with Gary’s post

The Euro has come under increasing pressure in the past week as the turmoil in Italy plays out.

But as the market catches its breath and as the dollar remains strong in the global context, I still anticipate a pull back in the Euro.

Euro into the 1.1400 area

And as indicated there remains the possibility of another move lower into the 1.1400 area.

The catalyst now remains the outcome for the Italy situation.