On these days, as I told you on my previous articles USD is really strong against EURO. The currency went to 1.3600 and it is an amazing signal that USD can be on 1.3000 in a short time.
Be careful on the economic disease in Greece. This harmed European Community a bit and its’ economic problem has gone up. Euro is losing blood on this time. I think they will try to find out some strategies to solve this problem.
What can happen on next days?
Well, if it goes like this, we will see again 1.3000 in a short time of period. USD is strong but this can not come from USA Government. Euro is losing blood and USD get value. That is the only reason on these days. After EU make some predictions for economy, the rate can go on around 1.4000.
Recommendations:
As I told on previous articles, stay on USD sell position. if rate goes 1.3850 and up, make your profit and close your sell positions. And always follow the news which will come from Greece.
Tue
9
Feb
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Tuesday, February 9th, 2010 at 2:04 am
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March 7th, 2010 at 5:03 pm
Great information! I’ve been looking for something like this for a while now. Thanks!