EUR/USD Euro Crisis to Return, Euro to Fall

Posted by: : Shayne HeffernanPosted on: September 30, 2013 EUR/USD Euro Crisis to Return, Euro to Fall

EUR/USD intraday: under pressure.

Pivot: 1.3525.
Our preference: SHORT positions below 1.3525 with 1.347 & 1.3455 as next targets.
Alternative scenario: The upside penetration of 1.3525 will call for 1.355 & 1.357.
Comment: the pair stands below its new resistance and remains under pressure.

Europe faces a “demographic time bomb” as its population ages and a record amount of young people remain out of work, the director general of the International Labor Organization (ILO) warned on Thursday.

Guy Ryder told CNBC on the sidelines of the G20 summit that leaders weren’t doing enough to tackle the problem.

“If we don’t get these young people into work it’s a demographic time bomb, so there’s a bit of schizophrenia around these issues and the only way out of that schizophrenia is to find ways to get young people into work,” Ryder said. “Youth unemployment is double, triple the overall levels and we need to find those jobs quickly for all sorts of reasons.”

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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