DislikedI am expecting a retrace of the E/U to the 1.50.. level The E/U gap to the 1.38.. area was filled. Now it is time to go back up. U/J might fall to 104... level, but than expecting it to go up to 114...
On the other hand there is nothing to back the USD now. The reason that has strenghten so much is because all the hedge funds and banks and other types of companies are facing serious financial damages. So they pulled their money out of the other countries to save their asses back home. Now anyone can see who was boosting up the EUR so much.
Regards,Ignored
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