And then on top of that, we also have to worry about geopolitical concerns. And that typically favors the greenback in general. It doesn’t necessarily mean that the euro will melt down against the US dollar, just that it probably will struggle here. So with that being said, I think this is more or less a sideways market with a bit of a down tilt.
So, you’re looking for signs of exhaustion to sell. But I wouldn’t get overly aggressive here. I don’t think this market truly knows what it’s going to do six months out. So right now, we’re just kind of treading water in the region of 1.07 as it has been a magnet for price multiple times in the past.
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