European single currency, Euro goes lower today at $1.2356. Below is the chart of Euro _ Usd when the market closed just now. The blue box was when the panic selling happened last two week.. the same time when there was a rumor about “fat finger” and Bank of Japan maybe inject 2 trillion Yen into its financial system to curb Greece issue. The red box was after the European country emergency fund released. But the price continues going down as investors did not confident with it.
I expect there will be another gap like what happened when market opened last Monday, and Euro at this moment have no signal to reverse. Continue to sell Euro, and make profit from there.
Euro which was intended to replace the US Dollar can’t even save itself. Let see what will happen soon.
Ohhh, maybe this is the best time to spend your money in Europe! Let it go down down and down, so you can travel around Europe!