The One That Got Away

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Watching the EUR/USD zoom higher is just a heartbreaker, because this was one of the great contrarian plays of the past several years. The EUR/USD was hated by one and all, and parity seemed like a foregone conclusion. But, as always, just when things seemed bleakest, it began a powerful reversal, and frankly, it could keep pushing higher for months at this point. All this “grexit” angst was a tempest in a teapot. Whoosh!