Too Bearish?

LINK to: Euro chart

Survey

Currency traders, investors and strategists are more bearish on the euro than they've been in more than two years, according to a Bloomberg News survey.

Eighty percent of the 44 participants polled from Sydney to New York on June 10 said to sell the euro against the dollar, up from 47 percent a week earlier and the most since Bloomberg began currency surveys in February 2003. Fifty-three percent advised selling the 12-nation currency versus the yen.

@: http://www.bloomberg.com/apps/news?pid=100...iwc&refer=japan

Have we touched bottom?

http://finance.yahoo.com/q/bc?s=EURUSD=X&t=5d

You have got used to a high Euro - 1.20. But the signs are that Euro-land is not going to get used to it!

Euro back down, retesting $1.21 (low was about $1.205)