After grinding is way higher for some time our gut feel is the Euro is due for at least moderate pullback
FOREX-Euro slips from 4-month high on Spain uncertainty
"Spanish yields trade near 6 pct * German ZEW slightly better than expected * Speculation BOJ may ease policy weighs on yen NEW YORK, Sept 18 (Reuters) – The euro slipped against the dollar for a second straight day on Tuesday as some investors bet …"
http://in.reuters.com/article/2012/09/18/markets-forex-idINL1E8KIIJ820120918
We are having a little bit of trouble trying to figure out how Spains situation can still be called a recession with 25% unemployment…..
What do you think ?