Tuesday, September 29, 2009

More on the Euro / USD Currency Pair

Maybe I had too much fun playing this pair the other night.  However, I still see it bearish against backdrop of such low percent dollar bulls. 

Some other FX traders think Eur/USD could shoot to 1.49 out of a bigger rising wedge. 

That would shoot the SPY up 3 to 5%.   No time to get complacent unless you are sitting in cash.  Ouch...which cash?  Is there no safe place left? 

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Insightful and Useful Comment!