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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (21626)7/29/2009 6:33:51 PM
From: RockyBalboa  Read Replies (1) of 71423
 
Will be interesting to see what the asians are cooking up today. One very obvious try would be to pierce 1.40, its only 30 points to go but so far, no sellers come forward.

Yesterday it spiked to nearly 1.42 in the session only to fall back later below the support and confirm the sell signal.

Longer term...well if the US is recovering (if you believe the numbers) and Europe falling further behind the curve then the Eur could decline. Many analysts consider it overvalued and 1.32 to 1.35 the best what it should see.
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