The euro appears wobbly against the dollar

The latest events in Ukraine will put a lot of downward pressure on the euro. John C Burford looks at how that'll affect the longer-term trend.

It has been a while since I covered the EUR/USD cross and today, I thought I would update you on my analysis. There are some important developments taking place that merit my attention and I hope yours as well.

The reason for my recent neglect is simple: there was really not much going on until two weeks ago.

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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.