The USD Keeps Killing

The Strength of the USD is still cruising:

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  • NathanTucci

    Hey Dave, yeah, the issue is that I have a hard time believing the Euro is going to do a big crash when it has moved so slowly lately… I am certainly bearish, just wondering how it is going to move over the next few weeks.

  • daveswagon

    Hello Nathan,thanks for your efforts,very helpfull.the EUR/USD looks to be heading to around the 1.2940 region,if it breaks that it will free fall, what do you think?.

  • Paul

    Many thanks for the update Nathan

    I haven’t seen an opportunity (pull back) to get long the USD (be that Usd Jpy long, Eur / Gbp / Aud USD short or Usd Cad long) as yet, perhaps todays news on EUR & GBP will provide a catalyst for a reversal and rejection that I can use as a ‘trigger’ into a short trade

    I do see a potential to short the Eur Gbp at the current level thought (0.84 90, looking to retest the strong support at 0.84 00)