Wednesday, June 23, 2010

Euro Analysis Shows Lower Highs and Lower Lows; Target: Parity

The Euro is under pressure again. The chart below is from an analysis from INO, clearly showing lower highs and lower lows. MACD is also beginning to roll over and the Euro will retest the 1.20 level. This usually means that the Euro is heading lower, although it is still in a trading range. Watch video.

Target is still parity: 1 Euro = 1 USD. To run the tool yourself on any stock, please use this link (2 months free)

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