Tatsiana Ketrar
Mario Draghi, ECB president, is against Greece leaving the eurozone as this won’t help the country to solve its debt problems. He is also against emitting common Eurobonds.
The EU authorities keep urging Greece to implement multiple reforms. However, if Greece leaves the currency union, it will destabilize the economic and political situation in the country, not to mention disastrous inflation. However, Mario Draghi underlined that the Greeks will have to put up with the lower quality of life in order to come out of the prolonged crisis.
According to experts, the 6E futures contract (EURUSD) whipsawed the 1.3300 level and rebounded with an up-thrust, which suggests that the bulls are having difficulties initiating a new rally. So, the flattish scenario is more probable in the short run. If the price breaks below 1.3250, it may go further down.
Tatsiana Ketrar
