The Euro showed some weakness after the euro debt crisis as it lost 20% of its value relative to the Dollar in the first half of the year. However, just before the summer vacation began, the Euro recovered 10% of its losses on the back of the general positive sentiment in Europe. The Fibonacci retracement analysis indicates that this rally wasn’t a definite recovery as there has been a recent change in trend and the Euro fell by 3.5% this week.
The question is, will travel expenses be cheaper in Europe next year?
(No Ratings Yet)
Loading ...
Dead cat bounce
[Reply]