Monday, 23 February 2009

Euro behaving poorly again


One of the commentators that I follow (and he shall remain nameless) made this comment in a newsletter this morning (Monday Feb 23rd)

It's Sunday night as I write this and one of the main catalysts for a potential market rally is occurring. The dollar is falling. Perhaps this is a first sign that the near-term panic may stay contained.

It is Monday afternoon when Morph is writing this and the euro is acting very erratically and the 15 minute chart of the FXE fund continues to support the notion that any sudden rallies by the Eurozone currency should be seen as good selling opportunities.

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