Long/medium charts suggest return to around 1.30 on a measured move, then support around 1.25, followed by a further move towards parity later this year.We are in a very strong downtrend
I cant trade the small bounces.
The Greek relief lasted only a few days..best fade that news...and any other Euro positive/Dollar negative news.
I believe the euro will break up eventually, with Greece, Ireland, Italy, Spain, Portugal and maybe others leaving.. The hedge funds will kick it when it gets near parity.
Widely differing fiscal policies and the same currency are mutually exclusive, no matter what the bureaucrats pretend.
That fact is a Constant of the Financial Universe.
AUD/EUR terrific long...very steady trend since early last year when it was about 50, now 69. Just ride this to 80++..
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