Razvan
Long

EURUSD - Rally

FX:EURUSD   Euro / U.S. Dollar
674 5 7
It seems that investors have more confidence in the Euro             Area. If the day will close above the trend line , I will not be surprised to see 1.3800 retested.
Your opinion, can the euro continues to push over 1:38? Are options 1.4 possible?
Reply
Razvan xnedja
for the euro to get to 1.4 it is possible, but 1.3880 should fall for that to happen.
Reply
You might be right on the money wit this one, although I do believe we'll break the last 1.38 high
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On the longer term, do you think it will reach reach above 1.38?
Reply
Razvan renewill
I don't think that a strong euro will help Europe's economy to recover, so i believe that in the current context it would be difficult for the euro to go higher, than 1.38
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