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Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, thinks the trade makes sense. "It's always paid to fade the rally, throughout the whole euro zone crisis," she says. "Any time you get a little bit of positive to moderate news, you should fade it because there's another fire that the EU officials end up having to put out."
Todd Gordon , co-head of research and trading at Aspen Trading Group, also likes the trade. He notes that the euro has underperformed other risk-related currencies, and notes that the 1.2620 level is serving as resistance.
You can watch the discussion on this video.
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CURRENCY FUTURES
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