1.41-1.42 is stiff resistance and a measured move from 1.25. Now that everyone is going crazy about dollar devaluation and quantitative easing, is the time to short the Euro/USD. The Euro is just as bad as the USD, the ECB will eventually resort to the same things as the Fed. The Yen will remain strong and the only sound currency in the world.
You might be right, but I'm not prepared to step in front of a speeding bus. Thanks. And this belongs in the forex forum.
If the changes in the price were not happening so fast I would say USD will never find a bottom, but with markets so excited Iâm expecting a retracement anytime. Iâve seen it lose of every currency to fast.