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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: philv who wrote (19332)10/15/2003 7:30:07 PM
From: sea_urchin  Read Replies (1) of 81943
 
Phil > My guess is that the USD Index has a long way to go yet.

I am in no position to argue with that but, short term, USD is certainly showing strength. One should remember that, because of all the negative sentiment and the weak technicals, there is likely to be a very big short position on the dollar. In the circumstances, many will be taken by surprise and a rebound is likely.

For your interest, and as expected if USD is showing strength, the Euro is now looking droopy.

stockcharts.com[l,a]dalaynay[de][pd50,2][ilb14!la12,26,9]
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