LT technical resistance levels have all held during recent USD rally. Weekly charts in EUR/USD and USD/CHF had interesting MT reversal bars last week hinting the USD rally is over.
Definately!!!!! Cable looks prime for a runup after that last gasp gap down on Sunday night. HSBC and Dresdner have also turned bullish EUR/USD. I say position players would be wise to buy any weakness here in any of the majors.
I would say so. If US econ does not stop to deteriorate (and PPT cannot stop this long term), we could easily see EURUSD @1.35 some day. US stock markets have become a little bit irrational once again (people talk already about a 2. internet bubble), so this could happen