Friday, February 6, 2015

'Surging' Euro Fools Only The Fools

Countertrend rallies, through of impressive, don not define the trend (chart). While headlines tells us that the Euro is surging, their 'enthusiasm' often forgets to mention the 800lb gorilla lurking in the room. The Euro's message, a function of the trend, leverage, and cycle/time discussed in the Review of Euro under Euro label, remains bearish. A retest of previous support as resistance confirms this message.



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