By Tim Knight
Equities have become so godawful annoying, I’ll turn my attention to currencies. In my view, the Euro is a safe bet on the short side right now. Medium-term, it seems to me we’ve broken an important channel on EUR/USD, as we did in the past (see circles below) and the upside risk is much smaller than the downside opportunity.
With a longer-term perspective, you can see how sickly the Euro has been (for many years now), and it seems altogether possible that the Trip To Parity could, in fact, become a reality within a year.
Subscribe to NFTRH Premium for your 50-70 page weekly report (don't worry, lots of graphical content!), interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).