LT USD down trend resuming?

F

FXCM1

Forex Capital Markets
LT technical resistance levels have all held during recent USD rally. Weekly charts in EUR/USD and USD/CHF had interesting MT reversal bars last week hinting the USD rally is over.
 
Definately!!!!! Cable looks prime for a runup after that last gasp gap down on Sunday night. HSBC and Dresdner have also turned bullish EUR/USD. I say position players would be wise to buy any weakness here in any of the majors.
 
I would say so. If US econ does not stop to deteriorate
(and PPT cannot stop this long term), we could easily see
EURUSD @1.35 some day. US stock markets have become
a little bit irrational once again (people talk already about
a 2. internet bubble), so this could happen
 
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