Dislikedthen most on FF here. Looking at the weekly and the monthly, we have broke through major areas of previous support. On the monthly and the weekly, 3560 area was a major resistance that when hit, sent the pair nose diving. Fundamentally we are in a very similar boat as in 2008. Wall street is now finally coming to realise that the reccession is not over, and that we are still in very bad shape. That is according to the last few weeks of data reports. There is no such thing as a jobless recovery. America relies on spending to flourish. No jobs, no...Ignored
At this particular point in time, I cannot see how the Euro has a fundimental advantage over the dollar. If reckless deficit spending hasn't brought about 1.6 during the last wave, it won't.. It's going down..
Short term trading, we may see another push to 1.37.. The last one was pretty strong.. Somebody wanted it badly..