EURO CAN LAST FOR MORE 5 YEARS?

 Below is  a part of an interview of DR Konrad (Merkel's advisor ) in which he refers to the euro and says that he is pessimistic about the outlook of the whole project.  

In notably outspoken remarks for a senior German figure, Dr Konrad, chairman of a scientific council that advises the finance ministry, said: “Europe is important to me. Not the euro. And I would only give the euro a limited chance of survival.”

Asked whether he thought the single currency would last five years, the economist said: “A concrete period is hard to identify as it depends on so many factors. But five years sounds realistic.” 

http://www.telegraph.co.uk/finance/financialcrisis/10015593/Euro-may-only-last-five-years-says-senior-German-government-advisor.html

UPDATE ON MY CURRENT OPEN POSITIONS

1) Long EURCHF at 1.2375 with s/l 1.20 (strategic position)
2) Long USDJPY at 95 with s/l 70 (strategic position)
3) Long EURCHF at 1.2150 with s/l  1.20(strategic position)
4) Short GBPUSD at 1.5245 with stop loss  1.5800 & take profit  1.45 (order opened on 08/04/2013)

GOT STOPPED OUT ON MY LONG AUDUSD TRADE -155 PIPS

MY CURRENT PORTFOLIO AND NEW ORDERS

At the moment i have three positions:

1) Long EURCHF at 1.2375 with s/l 1.20 (strategic position)
2) Long USDJPY at 95 with s/l 70 (strategic position)
3) Long AUDUSD at 1.0455 with s/l 1.03 and t/p 1.06


I will sell 0.1 GBPUSD at the opening on Monday at market prices s/l 1.58 and place a pending order to sell also 0.1 at 1.545 . Both position will have take profit at 1.45. I  will also buy EURCHF at market when markets open on Monday

• Sell 0.1 lot GBPUSD at market  s/l 1.58.
• Sell 0.1 lot GBUSD at 1.545 s/l 1.58 . Order remains open until canceled
• Buy 0.1 EURCHF at market . S/l 1.20

I

HISTORY OF CURRENCY CRISES