Wednesday, 3 February 2016
EURO On a Spike
The Euro jumped 2% today against the US Dollar. I reckon this is a spike and it will now fall back, though perhaps not by the entire 2%.
The chart shows the entire history of the Euro against the Dollar, going right back to 1993. The uptrends have been consistently more or less at the slope I projected for 2016. Coming down off today's spike may bring the graph back in line. There is, however, plenty of precedent for the spike to be continued for a day or two longer! before coming back in line.