Quote from iflyjetzzz:
Where do you see the Euro rising to in the event of a short squeeze? I don't see it rising much more than 200-250 pips on a short squeeze.
On the other hand, there's this rumor (which, if true, would bring parity rather quickly): http://yrah53.wordpress.com/2010/06/06/job-like/
Fifth paragraph:
"As a side note, there are reports from DER SPIEGEL,the well-regarded German periodical, that the German Constitutional Court is going to BAR Berlinâs participation in the â¬750 billion plan for the financial support of the profligate PIIGS. This is a decision that will rock the entire EU as it would provide Germany with an exit from the ill-conceived bailout, which will ultimately be nothing more than a transfer payment from Germany to the PIIGS. Just when you think you are out of this morass they keep dragging us back in ⦠and so it goes."
wer eup 1500 pips since my bottom call... dude...