Euro Trashed!

Dennis Gartman (click here for video) said today the Euro has “almost terminal problems”and eventually “breaks apart”  into a Northern Euro and Southern Euro.  The currency broke its 200-day moving average against the dollar and looks headed to a very important technical level of $1.20 (see long-term chart), which is close to its birth rate of $1.18.   We wouldn’t be surprised to see a bounce given the RSI is below 20 and would use the opportunity to buy more dollars.   Stay tuned!

This entry was posted in Black Swan Watch, Bonds, Currency, Euro, Monetary Policy, Sovereign Risk and tagged , , , . Bookmark the permalink.

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