Euro Turns Bearish
Having reached the 1.55 target rather more quickly than I had anticipated the euro has taken a very bearish tone (bearish engulfing candle on the week). Although it is holding up today I believe we can expect a further fall to 1.54. If it begins to approach the 1.53 level - last [...]
Euro Trend
As forex traders we often only view currency strength and weakness as figures on a screen, from which we can make or lose money. For us, the worst that can happen is a losing trade, but in the real world it is far worse. Having just returned from a trip to Sicily, the effects [...]
Time To Short The Euro?
Having taken a peek at 1.60 on Tuesday and the charts showing a move to at least 1.61 and beyond, the euro has reversed faster than Gordon Brown’s reputation for economic competence and is currently holding at 1.56, but falling. The reason has been given as weaker than expected economic data from [...]
Euro Continues to Fly High
We are halfway through a week in which we have already had fresh highs and new lows for the euro and the dollar respectively. The euro almost achieved 1.53 on Monday and judging by the charts there is no reason why it could not climb to 1.54 and onwards to 1.56 or even [...]
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