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.


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