I was wondering if anyone could answer a few questions, I would appreciate it very much.
1. It looks like the EUR/USD is on a down trend but not as smooth as on the way up (2000+ spike against trend in December 08). Should we temporarliy look at other pairs till this one starts to steady?
2. If so are there other pairs as trendy as EUR/USD was 2005-2008? I will be looking at the charts of course just incase someone knew.
3. What is the long term view of this down trend, do folks think it will last as long as the previous uptrend? I know no one knows for sure.
Regards
Mark
1. It looks like the EUR/USD is on a down trend but not as smooth as on the way up (2000+ spike against trend in December 08). Should we temporarliy look at other pairs till this one starts to steady?
2. If so are there other pairs as trendy as EUR/USD was 2005-2008? I will be looking at the charts of course just incase someone knew.
3. What is the long term view of this down trend, do folks think it will last as long as the previous uptrend? I know no one knows for sure.
Regards
Mark
Economists have forecast 9 out of the last 5 recessions