Discussion in 'Forex Trading' started by syspool, Feb 1, 2008.
What made the EURUSD gap down so suddenly? I couldn't fin a reason for it.
supply and demand
dont even bother looking for a culprit news
The weak payrolls numbers suggest that the fed must continue to cut rates (another 50bp in March?) - leading me to expect further weakness in the USD....
I think the pullback in the EUR we just saw is only noise....
My study tells me if we cross 1.4770 levels we are going all the way towards 1.4590 levels..
And then rebound from there.. There will be strength in Dollar for few days now..