DislikedThis is going all the way to 1.4480
Central bankers would not let close EUR/USD above 1.4850 because that level poses great danger for further dollar weekness which the world doesn't need at this moment....Ignored
On that last part---there is no doubt. Euroland and Asia are all being hurt by the week dollar. US is being aided right now by dollar weakness. In weak economic times, a weak currency is good. It discourages imports and promotes purchases of domestic products. We'll see where this all ends up... but I'm sure Europe and Asia are hoping for some bad earnings reports to stem this tide!