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1999 & 2010 Similarities in USD, Euro
The dollar index is set to start its longest MONTHLY winning streak since Jan-June 1999, a year when the USD bullishness and euro gloom was at its maximum
Love your EUR analysis. Do you think the 1.27 target will come earlier than your forecast?
Justin
Taking the entire period from mid 2003 to date, the Dollar Index looks to have a shot at a huge inverse head and shoulders if it can break above the 89's. That would imply potential to 108ish; can you foresee any economic scenario to justify that kind of Dollar strength other than a complete European meltdown and a major second dip in the global financial crisis?
All the best,
Mike