Long Euro

I’ve been watching the euro fall like a rock recently and wondered when/if it was time to go long. Finally saw an article on Seeking Alpha about this yesterday. The recent rescue plans by the EU have lowered the bond yields of the PIGS countries (especially Greece), yet, as the article points out, the euro has continued to fall like a rock.  Take a look at the graph below, you’ll not it is near the 1.25 support level.  It has bounced off this point a few times in the last few years.

Graph from seekingalpha.com

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