Looking at this aver the past few days a made a few bucks on the EUR/USD. I have been expecting the consolidation trade and now it is finally here. I'm short for a few days whilst the now responsible limits on bailouts are beeing negotiated. Once it goes ahead and the shine is off responsibility and it settles as just another massive injection, as you said the EUR and CHF will continue their rise....
BUT I do wonder whether the "rebuilding of America" will bring some light of hope to the dollar in the coming months.
