Anyone trade currencies or foreign markets?

[PlainsUte]

Interesting to note the strength in the Euro recently even with US raising rates, and people’s panning of Euro due to Brexit, etc.   When things move contrary to one’s first guess I take notice.   According to chart the Euro is completing a head-and-shoulders bottom with neckline around 1.08 $US.   If it closes above 1.085 might make a bigger move quickly to 1.10 or 1.125.   I don’t trade currencies (gambling, IMHO), but might shift allocation to more Outside-US holdings in 401k if that happens.  Any thoughts?  Will try to link chart below including 50,100,200 day moving averages.

Euro-SUS

[RedRocks]

Just be careful when using currency stochastic analysis to determine equity investment opportunities; a rise in the value of the Euro will not necessarily lead to a rise in the value of your foreign (European specifically) equity holdings.  That is not to say that they won’t rise together, but to indicate that there are arguments to be made both ways.

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