The previous few posts aside, it's good to see you back, DRT.
Speaking purely fundamentally at this stage (I know you prefer technicals), I'm not sure any further rise in the EUR/USD is warranted given we've essentially seen the Fed indicate it's now done with cutting (unless more drastically poor data presents itself).
Additionally, I'm looking at the various levels in the EUR versus other currencies and am forced to wonder at what point European exporters cry "uncle!" or whether they might have done so at this point. Data - predominantly confidence data - from the EZ is dropping fast, and while Weber is running around like the maniac he is claiming he loves the strong Euro, I think it's primarily due to oil's price right now. If that corrects, the rest of them will tell him to pipe down.
Add to that such severely overbought levels and oversold levels in the dollar index overall, and the fact that today marks the last day of the fiscal year for many banks worldwide, do you feel a change might be in the air?
Looking for your insight, as always.
-Ivan
