Euro - awaiting a close under 1.30

The Sunday night futures showed a break of 1.30 for the Euro/$ rate. Near term target remains a close under 1.30..and that will open the door to 1.25/24 within a week or two. Some chartists are looking for 1.20/19, I would guess that's viable too, but more likely in late June or July - when perhaps the main US and European indexes will have floored.


Euro, daily

Euro, weekly

Summary

The long term chart speaks for itself, the long term demise of the Euro remains on track for parity to the dollar. Probably not this year, but certainly sometime in 2013. Interestingly of course, that would mean the $ strengthens. One piece of dirty paper..vs other dirty pieces of paper. Urghh, its all nonsense of course.

Keep stacking whatever 'physical' assets you like most, whether its bricks, wood, silver, or...cows. Anything other than paper would seem....a good long term idea.