timwest

FXE - update to projection from Sep 14

AMEX:FXE   Invesco CurrencyShares Euro Currency Trust
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Update to FXE (EuroCurrency ETF ). Only 2 entry levels were reached in the rally to 138.50+, so only a half-position is on. The stop should be lowered, as per comments, to 141 from 143. The target box is unchanged from last week, but I changed the color to green from blue. The blue boxes are last weeks comments. The financial system continues on its downward trajectory as the problems in Europe mount and France's situation gets worse. The price of gold also is failing to provide a safe-haven as the only asset rallying is Treasury Bonds. Be especially attuned to risk in this heightened-risk environment.
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Comments

Thanks for the outlook Tim. It makes sense. Please keep us posted.
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