EURO… u son of a … :P

I always keep an eye of the Euro, and since I will be in Europe soon I figure I post what I see. And what I see fustrates me more than the sudden personality shift of my ex.

Here is what I see:

fxe

I see a potential downward move to either 134.5 or 136. I wish this would happen, as it would make me a happier man. But then I look at the GLD chart, and it looks to be holding support at current levels, and may bounce due to Gold being oversold.

gld

So while I hope the dollar rallies while I am in Europe and sees 134-135 against the Euro, it probably will not happen. So I will be left fustrated paying for a 40% premium for things… but at least I will not be paying for a ring anytime soon.

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