The euro’s bear market resumes

With the euro having crashed through its support levels, the rally has topped out and the bear market is back. John C Burford looks at how to play it.

Last Friday's article, Forget 13,000 this is the important level for the Dow, prompted lots of comments. There are certainly some strong views about where stocks are heading next, and I'll look at the Dow again soon.

I want to get back to the EUR/USD today, though. It's another market that's seeing a lot of action.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.