Well, as you can see from the above daily chart of the Euro/Usd, the currency pair is in a significant downtrend and the only question now is: Where does it find support?TLT
Friday, February 26, 2010
Big Bets Against the Euro
This Wall Street Journal article, states that Soros, Eihnhorn and several other big hedge fund managers are betting against the euro. Some claim that the Euro/Usd could see parity (1:1) by the time the euro stops falling. Another manager stated that the outcome of the EU's problem with Greece will be bearish for the euro no matter what happens. These are some big claims.
Well, as you can see from the above daily chart of the Euro/Usd, the currency pair is in a significant downtrend and the only question now is: Where does it find support?
TLT
Well, as you can see from the above daily chart of the Euro/Usd, the currency pair is in a significant downtrend and the only question now is: Where does it find support?TLT
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