Speculative question: Does anyone think the EURUSD will break last years high of 1.3661, or will the US dollar strengthen before reaching that point?
I think it will break it. There has to be a real hawkish display from the fed to prevent it. I think they'll trade off a gentle slowdown in the housing market and a booming stockmarket, for a weker dollar.
I have all the majors slamming into key levels at once. I think this is the big one. Look for a change in direction to unfold. I have the EURUSD retreating back to 1.2435 before heading back up. I couldn't resist
Sweet trade from 1.2218 on 04/06/2006 to 1.2835 today closed rest of my positions. Where wee are going from here? I believe up but donât mater because I am out.