Dislikedinteresting power with the euro infinitus wouldnt you say?
i see 1.55 before parity.. but still more down to go yet imo..Ignored
oh yes, strange and powerful moves in both direction.
I am open minded and too have an alternative count which is bullish for Euro.
But I can not see this to happen. Look at the various countries in Europe that hanging over the cliff. It is all a question of time and this house of cards will break down.
Not to say that the USD looks so much better, but I believe in Prechters deflation theory (which is the only theory so far which is sound) and thus the rising USD.
I see a chance for a rising Euro when Oil will finish its move up. But Oil will eventually drop beforehand in direction of 85-82. Then up to new highs around 130.
That time around we should definitively see if the correlation is broken or not. If broken, Eur will drop further.
What is your actual count on EURUSD?