Australia's largest stock trading and investment forum Australia's #1 stock forum

Looking rather bleak for the euro. what I find most compelling...

First 3 Last

Share
Profile

Follow
spikeup

2,755 Posts.

779

01/09/14

20:45

Post #: 13907708
Share

Originally posted by butcherbird ↑

This is in a serious downtrend looking at any chart, and more importantly looking at the fundamentals.
The "bounce" on Thursday hit the wall, from real sellers from all over the world.
With the USD now commencing a long term multi year uptrend the EUR will continue to fall.
Some suspect they will want a swift depreciation.
The levels are there to look at on the charts.
The 1.30 big number but not real support, then the 1.27/28 ..and eventually the old 1.20 should be tested.
Given the miniscule bounce this week, I would think and longs hoping for the inevitable bounces should be pretty nifty, as it would be a high risk.
I would not go long EUR/USD.

Expand

Looking rather bleak for the euro. what I find most compelling
is that the euro has been dropping for nearly two months, the longest stretch since December 1999.
Upvote

Reply

First 3 Last