From what I am reading in the articles below, there is a grim situation around the value of the EURO and that situation is not about to change anytime soon. Forex trading has been affected by the bearish move of the EURO for several weeks and there seems to be no end of bad news.
The economies seem to be floundering and sentiment is strong that the EURO is weak.
Something that I have discovered from reviewing some charts is that technically the decline of the EURO may be slowing and, in fact, an uptrend may be close at hand.
Have a look at these two charts. You can see the bullish pattern on EURUSD and the bearish pattern on USDDKK. These two currency pairs constantly travel in opposite directions and both are showing a reversal pattern.
This leads me to believe that the bearish news may be about to cease as the reversal begins.
Dollar Rallies Versus Euro in Longest Streak Since 2012 on Fed - Bloomberg
Sat, 23 Aug 2014 04:15:31 GMT
Dollar Rallies Versus Euro in Longest Streak Since 2012 on FedBloombergThe dollar rallied against the euro in the longest stretch in more than two years as data from housing to jobless claims signaled faster economic growth, bolstering speculation th ...
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Where Next? LATEST Forecasts for the British Pound, Dollar and Euro ... - Pound Sterling Live
Fri, 22 Aug 2014 15:17:31 GMT
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The Eurozone Is Being Sacrificed Upon The Golden Cross Of The Euro - Forbes
Fri, 22 Aug 2014 17:46:37 GMT
The Eurozone Is Being Sacrificed Upon The Golden Cross Of The EuroForbesWelcome attention is being paid to the way in which the European Central Bank, and European politicians, are sacrificing the economy of the eurozone to that golden cross of the e ...
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