We’re Approaching Our Last Hope of A Euro Bounce

The idea of a Euro rally admittedly seems beyond reason at this point with much of Europe hell bent on the total destruction of the world. To think, the world thought Hitler was the worst thing to ever come out of Europe. The only murderous rampage European leaders are on these days is one of their very own financial system.

We’ve gone from ‘Grexit’ to who will wise up first and get the fuck out before the impending disaster. The situation is starting to take an every man for himself stance, only it’s unlikely one man may be left standing. On one knee maybe, but certainly not standing.

Strangely enough, as bearish as all this sounds, we still have a technical chance of a bounce next week. Give or take a few days. While we’re not headed for a pocket of solid demand for the euro, it is possible some still exists around $1.2200. Time will tell. $1.2200 also happens to be the predicted low should there be a Greek exit. An exit that surprisingly isn’t as difficult as most think. There will be winners in the situation just as there will be losers. Unlike a toddler t-ball game, not everyone wins.