by Andy Krieger
Casey Research
I have ignored the euro for quite a long time. Frankly, it’s been so stable that it’s difficult to trade… and even a bit boring. Many friends of mine haven’t bothered trading it in months.
So, it felt a bit strange several weeks ago when I decided to play the euro once more – specifically, the euro against the U.S. dollar (EUR/USD).
The pair has quietly worked its way lower over the past month, grinding its way to levels not seen since 2017. Though after being so quiet for so long… I was skeptical about whether the recent weakness could turn into a major trend.