There was a big pullback in the US Dollar today. Looks like all the talk of the EU is disturbing the traders. The EU is trying to save their currency, they may be able to shake up some of the traders.

The fundamentals for the Euro FX stay the same. It is a non-linear currency. As bad as the US went into recession, it is much worse in Europe. Germany still has the largest economy in the EU. UK does not count as they have their own sovereign currency.

Germany is obviously ticked off about the Euro, let’s see what happens. The technical’s and fundamentals still show the Euro FX in a major down trend.

Good Trading,

Chris Morse
Developer and President
www.tradethink.com
713.429.1668