Short The Euro

Since equities have become so annoying, I’ll turn my attention to currencies. In my view, the euro is a safe bet on the short side right now. Medium-term, it seems to me we’ve broken an important channel on EUR/USD, as we did in the past (see circles below) and the upside risk is much smaller than the downside opportunity.

EUR/USD: Important Broken Channels

With a longer-term perspective, you can see how sickly the euro has been (for many years now), and it seems altogether possible that the Trip To Parity could, in fact, become a reality within a year.

EUR/USD: Is Parity Coming?

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