• Global ‘Black Hole’ Risk Rising: A Discussion With Danielle DiMartino Booth

    Former Fed advisor Danielle DiMartino Booth discusses key economic developments and the outlook for Fed rate cuts with Hedgeye CEO Keith McCullough.

Europe's slew of problems include the uncertainty surrounding Italy's next government, the fallout from the Cyprus banking crisis and scares over Slovenia being the next nation that will need an ECB-backed bailout. Our critical quantitative lines on the EUR/USD are outlined in the chart below. Beyond immediate term TRADE support of $1.27 we do not see any meaningful support until around $1.22. April will be a challenging month for the European Union as it struggles to keep itself together.

Downside Pressure On The Euro - ww. eurusd