Forget the tech. or any fancy colorful chart it seems to be all meaningless in the very near term.
The writing has been on the wall for th EUR for some time now. When I started hearing that 1.60 was a given, 1.70 within a month and 2.00 by years end it was time to think Short on this overpriced trouble lading currency.
Prediction: USD will not get the debt ceiling deal worked out.
Where does one go?
I'm going Short on the USD/CHF.
The writing has been on the wall for th EUR for some time now. When I started hearing that 1.60 was a given, 1.70 within a month and 2.00 by years end it was time to think Short on this overpriced trouble lading currency.
Prediction: USD will not get the debt ceiling deal worked out.
Where does one go?
I'm going Short on the USD/CHF.