Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer

Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer


CNBC’s Jim Cramer on Wednesday said that the euro could rise in value in the near future, relying on analysis from DeCarley Trading technician Carley Garner.

“The charts, as interpreted by Carley Garner, suggest that the euro’s ready to rebound — if not now then very soon — and I wouldn’t be surprised if she’s right and it helps take the whole stock market up with it,” he said.

The U.S. dollar and euro on Tuesday reached parity, or the same worth, for the first time in 20 years. While the U.S. dollar index has been on the rise, the euro zone’s energy supply crisis and economic problems have put pressure on the euro’s value.

To explain Garner’s analysis, Cramer first examined the monthly chart of the euro-to-dollar exchange rate over the last two decades.

While the euro was trading at $1.60 in early 2008, it has stayed between $1.05 and $1.20 for most of the last ten years, Cramer said. He added that Garner believes the current sell-off is noteworthy, since the currency typically doesn’t dip below $1.03.

“With so [many] traders trying to push the euro down. … She wouldn’t be surprised if there’s one last probe down to crush the remaining bulls before the thing can bottom and start rallying,” he said.

That means the euro could briefly touch 97 or 98 cents compared to the U.S. dollar, according to Cramer.

“Once the narrative shifts, Garner’s predicting a swift rally. Back in 2017, the euro dipped below $1.05 … but within a year it was back to above [$1.25],” he added.

For more analysis, watch Cramer’s full explanation below.



Source

Dodge unveils additions to 2026 muscle car lineup: ‘It’s about choice’
Business

Dodge unveils additions to 2026 muscle car lineup: ‘It’s about choice’

2026 Dodge Durango SRT Hellcat Jailbreak in Green Machine (front). A Jailbreak Custom Color program will allow select Dodge customers to paint their Durango SRT Hellcat Jailbreak in nearly any color imaginable, including Stryker Purple (shown at rear). Courtesy: Dodge Stellantis subsidiary Dodge announced two new muscle cars on Friday, flexing its 2026 model year […]

Read More
Sweetgreen shares drop 25% after salad chain cuts outlook for the second time in two quarters
Business

Sweetgreen shares drop 25% after salad chain cuts outlook for the second time in two quarters

People walk past a Sweetgreen restaurant in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares dropped more than 25% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program, weak consumer sentiment, tariff headwinds and store challenges. For […]

Read More
Crocs CEO says consumer environment is ‘concerning,’ will reduce orders in the second half
Business

Crocs CEO says consumer environment is ‘concerning,’ will reduce orders in the second half

Inside a Crocs store at Queens Center in New York. Ryan Baker | CNBC Casual footwear company Crocs plans to reduce orders for the second half of the year amid what its CEO called a “concerning” environment for the consumer. “We see the U.S. consumer behaving cautiously around discretionary spending. They are faced with current […]

Read More