EURUSD Heading to $1.33

by Ashraf Laidi

Mar 18, 2009 13:10

EURUSD breaks above the $1.3055 shattering $1.31 to $1.3143, making the $1.33 target a closer reality as early as end of week. USD weakness is becoming a broader concern, which accelerates EURs gains vs USD relative to AUD and NZD. I have warned for the past 2 weeks that the USD Index failure to break above the 7-year trend line of 89.60 combined with my 2-month cycle analysis for stocks permeates for prolonged dollar selling and equity gains into the next 4-5 weeks.

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