Algokid

EURO VS. USD - Can we Finally be Bullish on Europe ?

BATS:FXE   Invesco CurrencyShares Euro Currency Trust
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Has you can see on the chart, The euro has broken its ~ 1 year resistance. The ECB announced yesterday that they would buy UNLIMITED amount of 1 - 3 yr bonds for the next 3 months or so.

Will this be sufficient to lift the Euro long term ? Is this the beginning of end of the Euro crisis ? or this is simply another lower high ? The break is confirmed on the daily , weekly, and monthly chart.

Please tell me what you guys think of this situation.

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Followed.
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Agreed.
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What is UUP, Amex?
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Algokid livingdaylight
UUP is the US Dollar Index Bullish , basically an ETF that represents the U.S. Dollars

AMEX : short for the American Exchange, that where most ETFs trade.
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Agreed.
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Agreed.
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Bull signal of course
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Agreed.
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Our take on the eur/usd Long Term
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Algokid darcy_kincaid
Interesting . Thanks for for sharing
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