The euro trades below 1.30 – will it bounce?

The euro has followed the script and continued on its downward course. But could there be a bump in the road? John C Burford inspects the charts for clues.

We are seeing new highs in the Dow this week and I hope to cover this on Friday and show you an interesting pair of tramlines I am working on.

But today, I wish to focus on the euro, which I last covered on 20 February.

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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.