KrunchieKilleen
Long

EUR/USD: BELIEVE WHAT YOU SEE

FX:EURUSD   Euro Fx/U.S. Dollar
68 1 2
Most commentators continue to expect the Euro             to decline against the Dollar -and still predict parity before year end. I, however, believe what I see. I see my country, Ireland's, exports booming and tourists pouring in, partly because the low Euro             makes our prices appear very low to those with Sterling or Dollars. In other words, Euro             is undervalued and must rise, no matter how Ireland and, more importantly, the ECB, would want to keep it down. The chart shows that an upward trend began around 13 Mar 2015. Still at a low slope, an acceleration of the uptrend is indicated. Last week's ECB meeting caused a dip, but the ECB can't, in fact prevent the inevitable. A rise in American interest rates could bolster the Dollar - but is that not on the long finger?
I am long on Euro , It is showing all signals to go up . It might fly to it top level soon I guess , How soon !!! is not predictive at the moment .
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