Euro on a run
And Aveng ready for rally to come
WE LOOK AT TWO largely unrelated (or, at best, indirectly related) charts. They are the euro, which continues to surge to new recovery highs against the US dollar. We also look at Aveng, which is the top-performing stock in South Africa’s construction sector, gradually leading that industry out of its slump.
The charts show we must expect the euro/US dollar to continue making its way higher in the months ahead. That’s good news for the global economy. Meanwhile, Aveng is lining up a short-term trading opportunity. * Please note: For more recommendations and charts by the author on shares, stock indices and commodities please go to www.themarket.co.za.