The problem is that the markets were so pessimistic at the start of the year that they now risk overshooting in the other direction. If these heightened expectations take hold, there is a danger that they could push up the euro too fast.
Quotes about overshooting (2 Quotes)
The weaker-than-expected housing number still leaves housing at a fairly high level of activity but will raise some eyebrows as markets worry about the (Federal Reserve) overshooting (with rate hikes).