EUR 04 (Nov 10 - Jan 12)

[kennynah]

Gut feel. Euro to fall below 1.34 by jan

i have the same feeling too... i think by the end of this month...we might actually see 1.32 or below

that probably means, not too good for SPX as well..

how's are the rides?

[kennynah]

swee lah...break downwards 1.33

[kennynah]

nicely done... back to below 1.33

[Chinaman]

nicely done... back to below 1.33

Lidat, seems like Euro problem still not resolve.......hard times ahead.

Expected a window dressing in these few days, but now dun think it will happen.

[kennynah]

bro C : forex, as you know, ding dong up and down alot during uncertain times, such as now..

eur/usd can anytime swing up to above 1.33 easily...

my long run outlook of eur.usd is for it to drop below 1.32 over the next month or so...just my unqualified guess nia...

hor say bo? when visiting ximenting, look at mei mei?

[kennynah]

802:

no need wait until month end...

1.32 broken down...

[kennynah]

nicely done....

eur.usd down to 1.3109

1.2875, here we come...

but i think 1.3045 could pose as a support for now

[kennynah]

will it break down 1.3 today? i think so likely

[kennynah]

1.2995, lod so far

[winston]

THE EURO HITS A MAJOR SHORT-TERM MILESTONE

The slow-motion financial train wreck in Europe is finally taking its toll on the euro. The currency just staged a major downside breakout.

Most folks don't realize it, but the collective economies of Europe represent a larger economic block than the 50 U.S. states. This makes it a vital region to monitor.

Should its debt crisis get worse, it will throw Europe further into recession and cause economic disruptions all over the world.

We monitor the state of the debt crisis with the pan-European currency, the euro.

Back in August, we highlighted the euro's "compressed" state… a situation where an asset's normal day-to-day volatility gradually dries up and the highs and lows move closer together. These low-volatility periods are often the calm before a storm.

As you can see from today's chart, the euro broke to the downside, as we expected. It then spent the next few months chopping up and down with little headway made in either direction.

But just this week, the currency broke through its October low. It's now free to fall further and continue its bear market. That's bad news for Europe… and the world.

www.dailywealth.com