Wednesday's selling, driven by discouraging euro-zone news, has pushed the euro to new lows for this month and it may not take much to turn the day's rout into a long-term bear move, although that prospect isn't in the bag. As of this writing the euro had sold off to $1.3326, the low for the downtrend from the October high of $1.4250. I believe the euro is going for the $1.3078-to-$1.3009 support band before this year is out. But that would have been the minimum downside projection given current trading at $1.3347. Traders' minds were very much on the downside of the euro Wednesday after investors generally rejected ... (full story)