A Mercati A Perti - Italian Perspectives

Despite Greece and the poor management of the matter by European leaders in the last couple of months, the EUR seems to have found a low at least for the time being close to our 1.31 (see March 26 post). I would cautiously start long positions here. Keeping in mind that new lows are always possible unless the EUR rallies past 1.382, and under such circumstances volatility may quickly pick up at any time. Should new lows be the case, 1,30 and 1.285 look very important supports to me.