A Quick Look at the Euro
posted Sep 22, 2004 at 07:29PM
The bullish spin is that the XEU is "consolidating" gains. 120 remains significant support..with trend-lines there to warn those with twitchy fingers.
Not the most promising chart pattern. The XEU needs to prove itself. Any vigourous movement south should be taken
Gold has been outperforming the Euro..so hopefully there will be a little reaction time for longs in case the XEU keels over.