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Down with the Euro?

Posted by Cire2222 on Jun 16, 2008

DOWN WITH THE EURO?

I’m looking for another down move in the EURO and i think we are starting to get a decent shorting op here.  The Euro has tested these recent lows 3 times now. It is rare to see a triple bottom, the move tends to go with the third test. With that in mind I am looking to start picking away at a short position, I expect a break of those lows and have target right infront of the fib projections, see chart below.


One Response to “Down with the Euro?”

  1. Added by trustdnb on June 19th, 2008 at 3:18 pm

    Euro looks to be strengthening IMO. The dollar could rally from here, but USD/JPY seems like it might be a better pair.

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