KrunchieKilleen
Short

EUR/USD Trending up; swinging down

FX:EURUSD   Euro/U.S. Dollar
86 0 4
Optimism about Greece seems to have pushed the Euro             upwards against the US Dollar             . The current trend is upwards. It is now due a downswing. Will the upward trend be sustained? I doubt it. The Dollar zone is promising an imminent rise in interest rate, maybe as soon as September, while the Euro             zone is only beginning its ZIRP and QE . The pressure has to be for the Dollar to rise in the months ahead, even as the DOW and NASDAQ falter.
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