Yes you are absolutely correct. I think any decision one way or another will be good for the euro though. Main issue now is lack of certainty about what the future will hold and that is holding down eurusd. I agree on value the euro is going to get weaker longer term. But we should see a pop upwards on a technical rebound as there are still a lot who are short euro and they will have to take profit sooner or later. Greece is a weak economy and without it for sure euro is stronger. But then what’s to happen with Spain, Portugal Italy? They also have massive debt problem and when the market sees that one can fall, the chance of others going down same exit route has to be there. just a thought. nice post btw.