Monday, June 18, 2012

Chartology: What's Up With the Euro?

If the Eurozone hangs together I've no doubt that the € will trade pari passu with the buck within a couple years.
Getting there, that will be interesting. 
Here's part of a post from Slope of Hope:

Euro-Trend Change?
...The Euro was steadily down for many weeks (red channel), but since the change of the month, we seem to have locked into a series of higher highs and higher lows. The widely-touted short interest on the Euro probably has a lot to do with the bullishness lately. I bought a large long position of FXE this morning as a hedge which, unlike crude oil, I hope will do its job....MORE