Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
February 01, 2011, 2:11 PM EST
These European banks issue USD denominated bonds in USA, then sell the funds to get EUR to refinance their operations at home. USD under pressure.
http://www.businessweek.com/news/2011-02-01/fed-s-easy-money-helps-european-banks-refinance-credit-markets.html
yes... charts still pointing up atm.... like i've mentioned... break below 3800 level would see pullback to 3700 level... need to break below 3700 level for initial signal Euro hass topped current rally... if 3700 level holds... possibility of move toward 4000/4050 level can not be ruled out... but i really don't see Euro moving past above 4050 level...
gl
don't worry too much... expecting pullback at least to 3300 level within feb... :)