TMV Swing Trade report – Short December Eurocurrency from 1.3441 – The euro is trading sharply lower for the sixth day in a row, after breaking out of the bearish reaction swing of November 16 to November 19. The euro continues to be pressured by Eurozone debt woes as CDS on Spain, Portugal and Italy all jump to record highs. The market is rapidly approaching the reaction line target objective of 1.2875 and the December 2nd reversal date.
