Is This The Tumble?

Discussion in 'Chit Chat' started by DrawDown, Aug 12, 2006.

  1. EUR/USD.

    We hit a major ceiling just shy of 1.3000.

    Almost 300-pts down now, current market @ 1.2719.

    Would like fx traders to post their views on this.

    Unlike some have thought, AFTER the Fed paused interest rate hikes, the dollar did NOT implode, but actually strengthened 3-cents.

    I see no reason why we cannot tumble to 1.20.



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