U S Dollar

27 Jan

Euro Currency Caught in Short Covering Squeeze

in Blog, Euro currency, U S Dollar

The Euro currency is heading higher again today against the dollar because of huge short coving with everybody thinking the Euro was going to 120 vs the dollar but instead has had a tremendous rally to nearly 1.32. In my opinion look for the Euro to continue to rally against the dollar up to around 1.37 which could happen very quickly. Too many people are short and getting stopped out as we speak. Look to keep selling the U.S Dollar because the Fed wants it to continue to go lower vs other currencies.

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