Good morning, Slopers.
It’s very fashionable, I realize, to be madly in love with the US dollar and commit all kinds of atrocities against the Yen and Euro, but for the moment, I really think these latter two currencies have a chance at a turnaround.
Looking at the FXE (which is the ETF for the Euro – – kind of a poor man’s way of trading the forex), it has completed an island reversal. Going long the FXE with a stop at 102.69 seems like a pretty interesting low-risk trade.
