Why we see more downside risk for the EURO

Our TREND model which is an aggregation of a host of MOMO, FLOW and Option Indicators has a fairly good track record and call for more downside.

The Euxhaustion gage we use (also a incredient into our secret TREND 'sauce') has a 7 out of 7 bet out against the EURO. Thus we espect a correction that will fullfill time and / or price objectives before we can change the outlook.

 MOM(O)entum is speaking a similar language. We see a short-term streched move with plenty of downside potential in the medium-term.

The Euro has played a pivotal role in the global Risk Trade , so an adverse fate will also bode ill for the rest of the trade.....