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The Euro, what is it doing?
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The Euro, what is it doing?

  #1 (permalink)
Trading Apprentice
Leeds Yorkshire UK
 
Futures Experience: Beginner
Platform: IG
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Posts: 21 since May 2012
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The Euro, what is it doing?

My opinion:-

On Thursday, I think it will be announced that the Greek parties have not been able to form a government and the Euro will drop.

Eventually the Greek people will begrudgingly accept some of the austerity measures in a fresh election and remain in the Euro, the markets will stabilize but the root cause of the crisis will go largely ignored and the Euro will not recover as the crisis moves on to the next country with no real economy.

Your thoughts?

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  #3 (permalink)
Big game hunter
NY
 
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I know theres a bank holiday effecting the euro on thursday which ordinarily creates very erratic price movements - Forex Calendar @ Forex Factory . EURUSD weekly shows that support is a good way off and the nearest path to the lower trendline is 800 pips away . After that , who knows what will happen .

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  #4 (permalink)
Trading Apprentice
Leeds Yorkshire UK
 
Futures Experience: Beginner
Platform: IG
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Eric j View Post
and the nearest path to the lower trendline is 800 pips away . After that , who knows what will happen .


Yeah, those technicals are almost too good to be true...

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