欧元继续上涨，但缺乏长期动力

EUROLYTICS
       The EURO managed to maintain its uptrend yesterday even after some very worrying news was released over the weekend. Portugal is having to rethink its debt obligations and is having serious talks about how they are going to restructure their repayments on its debt mountain.  Greece and Cyprus were also hitting the headlines with their incompetence to manage their economies. The support in the market is totally mind boggling. In recent times when we had debt issues, contagion and kicking the can stories the euro has plummeted but here we are. I don’t think there is an investor out there that doesn’t look at this currency and laugh. Germany holds all the cards and takes all of the brunt in bailing these zombie nations out. When they get fed up with patching them up it could be catastrophic
On a technical perspective we have started to trade in a similar range to the month of April and May and we did get a down move followed by a burst to 1.3400 levels. The pennant formation is a bullish signal and could mean the uptrend continues but with all this negative rhetoric how can it?

欧元分析
      上周末公布了一些非常令人担忧的新闻，但昨天欧元仍维持其上升趋势。葡萄牙不得不重新考虑债务问题，并严肃讨论将如何重组其巨额债务偿还能力。希腊和塞浦路斯也登上报纸头条，因为他们无力管理其经济。市场的支持是完全令人震惊的。最近，债务问题、传染病和拖延问题可以使欧元暴跌，但我们看到目前欧元并未如此。我并不认为投资者不看好和嘲笑这一货币。在拯救这些僵尸国家走出困境方面，德国掌握全局并首当其冲。当他们对填补漏洞感到厌烦时，那将是灾难性的时刻。从技术角度来看，4月和5月我们在相似范围内交易，在欧元跌至1.3400水平位后，我们确实感到下滑趋势。三角形成是一个看涨的信号，这可能意味着上升趋势会继续，但是在所有这些消极的言论后欧元又将怎么上涨呢？