Monday, June 14, 2010

The Euro is Still Overvalued: Target is Parity

Has the Euro been at parity with the USD? Actually, the Euro's all-time lows versus the USD is even lower at 0.83!

According tot hsi frsesh news video by INO, the Euro is fundamentally overvalued (as in the price of food, pricing of homes, etc). Target is still... parity.

The ETF to use is FXE (click to receive buy/sell alerts)

Watch video.

(To run the tool yourself, use this link for 2-months free access)

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