Fundamentally and Technically Weak Euro

13 feb 2017

We see that from a simple technical analysis that the Euro is finding support at its 50 MA on the daily chart. MORE importantly however, are the fundamental factors that are making the Euro weak. A continuing QE program and the increased chances of France's Le Pen winning the election have become stronger. Basically Le Pen wants France out the Euro Block. Her victory could inspire more Anti EU leaders in Europe to gain more traction. A lot of EU countries have election this year.