Those Euro Channels

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It’s ironic that as a “permabear”, a lot of my best ideas have been long ones. The items I’ve been bullish on include gold, silver, U.S. bonds, the Japanese Yen, and the Euro, all five of which were strong on Friday. The Euro in particular is quite interesting, since (by way of FXE, shown below) it’s following a clean upward channel. It broke its former channel, as you can see, then it established another nearly identical one.