Assume that foreign exchange markets were found to be weak$-$form efficient. What does this suggest about utilizing technical analysis to speculate in euros?

Technical analysis be able to achieve excess profits if foreign exchange markets are weak$-$form efficient. simply use today's quoted rates as indicators about future rates? After all, today's quoted rates should reflect all relevant information.

I. Today's rates provide only short$-$term forecasts of future exchange rates while MNCs may desire to assess long$-$term forecasts.

II$.$ Today's rates do not provide information about the range of possible outcomes while MNCs may desire to assess this information. rates fluctuate continuously.

II