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CurrencyShares Euro ETF Message Board

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  • keybotthequant keybotthequant Dec 18, 2011 6:23 PM Flag

    Euro Chart Positive Divergence

    On the euro chart, XEU, FXE, ULE, the daily chart only wants a short term bounce now from the positive divergence.

    The only thing that would change his is an S&P downgrade of France debt which will slap the euro and equities down immediately.

    If/when a pop in the euro occurs due to the positive divergence, this will be relatively short-lived, and the weakness will reappear.

    The LIBOR3 chart shows that price is now at levels not seen since the summer of 2009. This verifies the high anxiety in the banking sector currently and verifies the continued weakness of the euro moving forward.

    For Libor3 chart use search box above for keystone speculator.

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