The Attack on Europe

Under attack

We have been bullish Europe for quite some time now as a "it can only get less worse" trade. The problem with being long Europe is that when "she" disappoints it is most often violently and with a bang. Europe has clearly been under attack this week and SX5E approached the huge trendline very fast. 5800/5750 is the short term must hold area (futures). Let's have a look at the latest in Europe and why we are nervous.