Although the harmonic bat pattern shows EU rising to 1.46 I sincerely doubt. The weak determination of ECB to enforce stronger policy for fighting low inflation might allow EU to reach new highs. January end will show what is ECB up to.
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luke.mumford
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where would you look at shorting from !? with what target the ! the Euro strength is really surprising ! intrigued to see your view on weak NP especially after good pieces of data coming out of the US. Do you think we will see people going back to build up dollar longs monday or be thickly and attack the dollar ?!
thanks in advance :)