BullBear Trading: Stock and Financial Market Technical Analysis

Is the Collapse of the Euro Imminent?


In the last EuroTracker report, I asked the question: "Will the Euro Collapse?"  I concluded that the available technical evidence strongly indicated that it would but that before that could occur there would be a rally.  We got that rally, though it proved to be much weaker than expected.

Now it's time to ask: "Is the Collapse of the Euro Imminent?".  Based on the available technical evidence, it would appear that little stands in the way of a major market devaluation of the Euro and that that process has already begun and should accelerate in the relatively near term.

Market participants tend to get caught up in the machinations of political and monetary authorities which pretend to have the ability to alter the course of history.  The illusion that somehow there will be a "fix" for the Eurozone debt crisis seems to have lulled most into a false sense of security and a belief that that the day of recokoning will be postponed indefinitely.  Instead of focusing on the latest pearls to drop from the mouth of European politicians, I like to listen to the message of the market.  And the market is saying that the Euro will be devalued rapidly, substantially and soon.

Here's a montly chart of EuroDollar:

  

READ THE FULL REPORT AND GET ONGOING UPDATES TO THIS ANALYSIS:

http://www.thebullbear.com/group/euro-tracker/forum/topics/eurotrac...

  

Views: 323

Comment

You need to be a member of BullBear Trading: Stock and Financial Market Technical Analysis to add comments!

Join BullBear Trading: Stock and Financial Market Technical Analysis

Join BullBear Traders

 
Free 30 Day Trial
No Credit Card Required

SUBSCRIBE Here
  

Pay with Cryptocurrency and SAVE!

6 Months BullBear Trading

for $100

(regularly $120.00)

 

Steven Vincent's market analysis is published on:

Steven Vincent's opinion is polled every week for the Birinyi Associates
TickerSense Blogger Sentiment Poll

© 2019   Created by Steven Vincent.   Powered by

Badges  |  Report an Issue  |  Terms of Service