Too Early To Expect A Deal On Greece; Stay Short EUR/USD - Credit Agricole
11 February 2015, 17:23
![Vasilii Apostolidi Vasilii Apostolidi](https://c.mql5.com/avatar/2016/2/56C08F4E-3736.png)
0
82
Overnight risk sentiment was stable with US stock futures trading broadly flat at the time of writing. This is mainly due to rising expectations of EU Finance Ministers agreeing on a temporary solution for Greece. However, it appears too early to expect a major agreement as soon as today.
It must be noted too that officials including German Finance Minister Schaeuble already indicated that no deal is imminent.
Accordingly Greece-related uncertainty is likely to remain intact.
Even in the case of a more positive development we expect EUR rallies to remain a sell as strongly capped ECB monetary policy expectations should ultimately prove the single currency’s more sustainable driver.
Hence we remain short EUR/USD.