where is eur headed?

most people on ET think the dollar is dropping out with no low in sight. Most analysts think 1.65 ish will see intervention by G7 countries.

I say look to the ECB when they change their "inflation is everything statements", THEN look for reverse in trend.

personally, i think its sooner rather than later. GBP and CAN have topped vs the $, and maybe JPY soon too. GBP is also at record lows vs the Euro due to the same reasons as the US more or less.
 
Quote from SAJWANRISHI:

hey guys any stopping for the Euro rally?
Any fesh thoughts apart from the oil and intt differential story!!!!!:confused:
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We have a forex forum, just to let you know.
 
Quote from SAJWANRISHI:

hey guys any stopping for the Euro rally?
Any fesh thoughts apart from the oil and intt differential story!!!!!:confused:
More...

It is time for old europe to be thrown back to the ground. The EUR "bubble" is about to burst across the board. What goes up....
 
Quote from trader_eight:

Sounds insane, but I think 1.75 is the target.
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If it were around 1.60 before the Fed went nuts with rates, I might agree. But now, when they're almost done cutting? No way.
 
Yeh agree with u pal.

After thursday's somments from the officials it seems ECB is a bit uncomfortable now/probably they feel that growth will be hampered by a very strong Euro though its a cushion for ever increasing crude prices.

Feel that we should be looking for bigger bear rallies now.
 
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