Second, issue is that there is still cheap money in the market and no risk of . Therefore, the parameter will not change on the short term basis.
FED decided not to increase its interest rate before 1Q13, which gives a lot of room for Euro and on the upside.
The headline goal remain the same.
The correction is rather normal because of ECB statement and overall because we did reach an overbought level.
You can compare the analysis with the previous one.