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Thread: Discuss EUR/USD News with a DailyFX Analyst
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Old 04-25-2007, 01:04 PM
Andy K Andy K is offline
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Join Date: Jan 2007
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Quote:
Originally Posted by DailyFX Forum Administrator
Hi Summerset,

On a side note, I'd also not like to see my $ be worthless when I take my vacation
Bit late for that ! Coming from the UK I'm considering a New York shopping binge with my lovely pounds !

I'm afraid I'm more bearish on EUR/USD than Summerset, any surprises now will have to be in dollar favour. Either average news from US or average news from Europe will set a correction - and thats just average news, if some strong USD news comes out, or weak EUR news come out it'll be even more severe.

I suppose TA works because this type of market psychology recurs time and again - everyone is buying this pair thinking its invincible - sure, thats where trends come from, but there will inevitably be a hiccup, or worse.

Good trades all.
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