Today evening charts and started to think that it may be very right to expect euro to fall in longer run.
In general I am euro-hater in a long term [I think it's not going to stay for 80 years]
however in particular in my opinion there is nothing that important happening in Europe that would be reason strong enough to hammer eur down.
In other hand traders are not reasonable group of people and nowadays everyone would get calmer if this touchy world economic situation got resolved whatever the result. In other words it would much easier to be able to point the guilty one [like europe] than sit and have no clue what is going to happen.
Euro situation is like russian roulette, untill bullet shot, everyones' nerves on edge.
Anyway I think european socialist bankers deserve it. ;)
This week key is whether euro will work it's way above recession low [finished slightly above it on EU and EJ] if not - i see deep plunge ahead.
From daily point of view
GU shows some signs of regains, but at the moment it's in a key area of support, this may correct it's rises this week.
Will see tommorow London open.
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