WolfHB

Euro's attack on long term resistance should falter

30 0 0
East European money gives Euro             undeserved push. Especially Americans overstate the economic situation of Europe (outside Germany). If the Fed continues tapering next week, a dose of reality should set in. The ECB holds it's powder dry for now, but the next step has to be easing. Additionally the Chinese are steering more of their surplus capital towards Europe, to make German exports less competitive. Even the chart runs ahead of itself. At least a pullback to the trendline is in the cards.
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