The Euro Is Oversold

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December 16, 2009

For the short term the EURO is oversold. That could give a lift to US markets if the dollar takes a breather from its rally and EURO takes a breather from its sell off.

DRR is the double inverse EURO etf. The red represents overbought or too hot.
drr2

FXE is the EURO etf.
fxe