Euro Can Drop More

Euro Can Drop More

I decided to compare the Euro Futures chart to my dollar chart. The Euro looks like it has further downside ahead. Specifically the Euro has broke down below the uptrend line (A) and is headed towards the 50% retracement at ~1.31. With the Ireland/Portugal and Spain debt issues looming, the Euro could find itself at the 61.8% retracement at 1.28 soon.

LOADING
(optional)
(optional)
Copyright 2009. All Rights Reserved.   Site Map
Disclaimer: All content on spychart.net is intended for recreational purposes only. Consult a licensed financial planner before making any decisions with financial ramifications. The author is not liable for any financial, mental, physical, or spiritual loss or damage incurred by the reader.