LT USD down trend resuming?

Discussion in 'Forex' started by FXCM1, Jul 23, 2003.

  1. FXCM1

    FXCM1 Forex Capital Markets

    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.
  2. PIPer_77


    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.
  3. 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