The Euro is just a basket case right now. Daily chart…
But I am not interested in the Euro so much as I am in ways to benefit from its weakness. I would like to see the Euro hedged HEDJ use the weekly chart’s EMA 70 as support, as it did at key junctures during the bull phase that blew out in 2015. It also has visual lateral support there.
And then there is the Yen, which we identified a couple of weeks ago as becoming precarious per the yellow highlight on this daily chart.
There are of course similar ways to play a weak Yen. But this currency seems more tied to other macro considerations as well. This currency I am interested in, in its own right.
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