EUR 06 (Sep 12 - Dec 26)

[winston]

EUR/USD: 1.1249 versus 1.1322.

The euro actually fell a bit after a two week break higher that tested the May to October 2015 tops of the trading range.

Source: Investment House

[winston]

Why the euro is a doomed currency

by Doug Casey

The euro, in anything like its present form, will likely cease to exist within a decade, and probably far sooner.

If I had a lot of my wealth in euros, I would get it out ASAP.

As it is, I’m short the euro, mainly via selling naked calls.

Source: Casey Research

http://thecrux.com/doug-casey-why-the-e ... -currency/

[winston]

Why the euro could be set for a dramatic rally

by Chris Mayer

Governments are net payers of interest. If you hold a government bond, the interest payments are part of your income. When a central bank lowers rates, they lower that income. That’s deflation… not inflation.

Lower rates mean less money floating around. It strengthens currencies. And that’s what we’ve seen with the U.S. dollar.

In sum, lower income due to falling interest rates, coupled with rising exports, makes the euro harder to get… and more valuable.

Source: Bonner & Partners

http://thecrux.com/this-legendary-inves ... gher-euro/

[winston]

EUR/USD: 1.1178 versus 1.1177.

After a week of euro declines to the 20 day EMA, virtually no change Thursday.

The euro fell as the belief the Fed would hike grew.

Now the market is not so sure.

Source: Investment House

[winston]

EUR/USD: 1.1397 versus 1.1370.

Weeklong lateral move over the 10 day EMA that consolidates the move to a higher recover high over the February peak.

At resistance from late 2015.

Source: Investment House

[winston]

EUR/USD: 1.1450 versus 1.1382.

Strong week for the euro, moving to a new closing high on this rally, just over the early April highs.

Source: Investment House

[winston]

EUR/USD: 1.1405 versus 1.1399.

Euro posted a higher rally high on the week and then faded to the 20 day EMA and the early April consolidation.

Good test, in position to continue the move.

Source: Investment House

[winston]

EUR/USD: 1.1307 versus 1.13791.

Dollar showing some strength in May as the euro tested to near support, then broke to the 50 day MA Friday.

Important test for the euro and dollar.

Personally, I want to see a stronger dollar as it is better for the country overall an not just the Washington DC money printers and the multinational corporations.

Remember, a government wants to pay back debts with a weaker currency, and we are a HUGELY debtor nation.

Source: Investment House

[winston]

EUR/USD: 1.1216 versus 1.1199.

Euro rebounded slightly on Friday after a week of downside took it to a lower low, breaking below the mid-April low.

Three weeks downside after hitting a new rally high to start May.

Source: Investment House

[winston]

EUR/USD: 1.13668 versus 1.1149.

The dollar strikes back with a gain, sending the Wednesday upside bounce in the euro back to the showers.

Source: Investment House