Friday, January 8, 2010

Critical juncture for USD?

I've noted a pause of the USD rally at the end of 2009. Today with  the US payrolls we have a good chance to choose a direction for the next move. Either we continue the correction (downward  for USD index) but in more impulsive manner, either we break down the EUR/USD trendline, starting the new wave of the dollars appreciation. I give 70% for the first. In any case the status quo can't continue much longer.


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