The European Union summit generated some results - but not everything investors hoped for. Here's how to trade the euro now.
There was some actual progress on the euro zone debt crisis last Friday - but really, it was "deja vu all over again," says Rebecca Patterson, chief markets strategist for J.P. Morgan Asset Management, Institutional. "They are doing things every single time," she told CNBC's Melissa Lee - especially, this time around, at the European Central Bank. "But getting a new treaty together by March? Good luck." Past treaties took one to two years to get together, she says.
So how do you trade that? "I think as this crisis plays out and the ECB is forced to do more and more, we are going to get a weaker euro," Patterson says, so she wants to sell the euro on strength.