Well I'm here to provide a fresh reminder to the few that are dollar bulls. For the record I actually am not very partial to my own currency. In the very long long term I am Euro bullish but for now and the at least the next six months or so I will stay dollar bullish. What I am not saying is that the Euro can not go any higher, but I think there is a lot of misunderstanding on why the euro is goin up. In my oppinion, one of the main driving factors for the rise is the closing of books for 100's of banks with all their dollar longs from the trip down from the 1.60's. It is possible for us to see some more movement up for the rest of the year. Especially given the probable USD rate cut. I do think by or before mid-january, the dollar will resume it's run, and in my oppinion it could get ugly for the euro. I know I know, the ECB is signaling no-cut, but I think in six months the eurozone will be in a whole lot worse shape than the US. We will see how long the ECB can hold off deflation and a poor economy with holding rates. Again this is just speculation, but please be careful longing the euro up above 1.3500-1.3600. If you want to long right now, make sure to wait for your price. Don't jump in too late cause this thing could tumble at any time. Good luck and Happy trading.
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