The Euro Currency Deluge Has Begun...as it should decline going forward
New York (Sept 6) The first chart (basis monthly) shows the Euro falling below a multi-year triangle with an objective target of 110.
Moreover, Technical Indicators RSI and CCI are decidedly bearish.
The second chart shows a bearish Giant Head&Shoulders Top. Once the neckline is severed,
the subsequent price objective will be 2000-2002 support at 85.
In the event of the above, the US$ will necessarily rise as it is the inverse of the Euro currency.
The chart shows a bullish Inverse H&S which has a price target of 105 if the neckline is cut.
The above Euro Technicals are congruent with the Fundamentals as per this recent analysis:
The Ultimate Demise Of The Euro Union