We arrived at the March 3, very close in time to set maximum levels.
The euro is currently at 13,872, close enough to 13765, and nothing changes in our idea. We are certainly above and I would say marginally above 13,861, and then a break in period of maximum marginal puts us on the lookout for false breakout.
In our opinion, short now has a high probability of success.
Maybe, to make more credible the scenario of the rise, there may be an attempt to accelerate during the ECB's decisions on interest rates. Everyone will draw their own conclusions. In our view, from here to 10 days could follow a correction on the euro, and presumably the stock market.
As usual, operationally we are already in place, I would say ahead of time, then do not move any contract.
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