Euro, daily
Euro, weekly
Summary
There is a fair bit of chatter and recognition across the various finance sites/blogs, that a break under 1.30, should lead to a quick decline to at least the 1.25/24 level. That should (in theory) help send the dollar on a significant up wave, and thus put downward pressure on both commodities and equities.
Right now, there is certainly no sign of the Euro breaking lower.This is kinda remarkable considering the dire EU national econ-data that keeps appearing in the last few weeks. Of course, the whole paper currency issue is - as even the clown channel hosts now occasionally acknowledge, about 'which is the least dirty paper?'
Considering the long term chart of the Euro, is there anyone still out there who would not believe that the Euro/Dollar will reach parity sometime in the next year or two?
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Goodnight from London city.