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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (38643)	8/13/2008 1:33:33 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 217984

Based on the 3 peak and a dome formation the target of the EUR should be around 1.35 to 1.36 in a year, but all market participants know that the target will be busted. Form a fundamental point of view 1.30 to 1.36 is more or less in line at the moment. Others claim that if the US will recover and Iraq war will be history EUR will be back to parity in few years - I tend more to the 1.15 1.20 range the main reason is that CEE salaries are growing above inflation and those countries will not support EU exports as much as before. Slovakia and the Czechs are now the "Detroit" of the EU and Romania come on line with another 1.4 million cars a year and their economies are booming Unfortunate I am blocked by two EUR/USD puts at 1.43 and 1.46 which after getting tired of my short EU position was hoping they will go to money heaven - now I am sorry not closing them 10 days ago :( .. but I hope that at least the 1.43 for end of Sept. will not be taken out and indeed will go to money heaven