Quote:
Originally Posted by Abou-Eddie  Euro now at 1.43/1.44. A very rapid decline of the USD. I guess J. Abizeid had it right all along. Credit goes to him for predicting the slide. His analysis was spot on, mine was wrong. |
You surrendered very fast my friend , it was obvious that once euro pushes above 1.30-33 level it was going to rally till 1.40 , and the rate cut of the fed added momentum and speed to the move .
Now the real test for the strength of the euro is to be able to push above 1.48 -1.50 level , once it is able to pass that barrier , i will change my perspective of the USD to negative , and positive for the Euro