DislikedMy view...
Despite the recent rallies in Cable, Aussie, Euro and Cad, all these currencies are extremely overvalued from a macro-economic perspective. The only question now is how far the pendulum is going to swing in the wrong direction before the market embraces reality and trades accordingly. I think that time is very near. As Sisse pointed out earlier, once the fiscal cliff issue is out of the way, things should return to normal.Ignored
The latter is the hard choice a fundamental trader needs to consider. However the techie will probably pick the former and go long? Re-enter short at higher levels?
Then this would depend on the timeframe I presume