failed Eurusd breakout -> breakdown?

[billyjoerob]

The Eur is struggling at the 1.30 level after a very strong run . . . A break back below 1.30 might initiate new trend, as failed breakouts can turn into breakdowns. Plus, this dead cat bounce is running into reality . . . the euro has not solved any of its fundamental problems and is still arguably 20% overvalued.

THoughts appreciated.

 

[deadbroke]

Quote from billyjoerob:

The Eur is struggling at the 1.30 level after a very strong run . . . A break back below 1.30 might initiate new trend, as failed breakouts can turn into breakdowns. Plus, this dead cat bounce is running into reality . . . the euro has not solved any of its fundamental problems and is still arguably 20% overvalued.

THoughts appreciated.

>>>> the euro has not solved any of its fundamental problems <<<<

that's exactly what THEY and YOU were saying about the $ all the way into Nov 2009, only worse as you all were saying $ will go to zero and be replaced by euro as the reserve currency.

Ten bucks (the Capital of Iceland) says you'll be back at the next turn and sing the opposite tune.

Yawn, yawn, yawn