yes, i agree; however there is strong support around the 1.02 area, and seeing it spike high, it is a good chance it will drop down there and then bounce back up. i do agree it is going up, but think it is going to retrace some first.
Dislikedthis is overbought on fundamentals but that doesn't mean it won't go higher we've got a weak US$ we've got the Fed that cannot or will not do anything about reversing that trend. There isn't a reason to buy the US$ they'd rather buy anything but US$ even the Kiwi is performing well and their economy is grinding to a halt. We've got half of the EUR that are broke and it's currency is heading towards the 1.50 region.Ignored