Which way will the euro go now?

With the eurozone debt crisis rumbling on, trading the euro has proven challenging. John C Burford looks at where the single currency might go next.

Over the weekend, initial optimism about having found a magic bullet for the euro debt crisis waned fast.

This has been a repeating pattern, which has given traders many rallies on which to short the euro against the US dollar.

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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.