DislikedEuro and USD are both a mess but my sentiment is bearish. Like I've said before, previous to the last six months or so Euro has been rallying against the dollar under the false assumption that they had things under control. This isn't a problem that will solve itself overnight and with the amount of negative news coming out of Europe every day, upside potential seems limited to me.Ignored
http://www.tradercurrencies.com/curr...ystem-failure/
Some snippets:
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July 1st marks the tipping point of the Great State Meltdown.
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For years, 48 states have borrowed too much and spent too much just like the Federal Government. But the key difference is: they cant print their own money to pay the bills.
And to make matters worse BY LAW they must balance their budgets by July 1st.
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