Last week's move lower in the EUR/USD stopped us out of our weaker USD story, as our trailing stop took us out on the Friday after Thanksgiving. On the whole we fundamentally remain of the view that the USD must weaken from here. It is not a popular view, yet one that we have been fighting and winning for much of the year. Last week’s price action allows us to look again at what moves the USD so that we may better define what to look for going forward. We look at the EUR/USD from the view of the Bull and the Bear; and we discuss specific actions and indicators. Charts are found at the end of the discussion.
On the whole we fundamentally remain of the view that the USD must weaken from here. It is not a popular view, yet one that we have been fighting and winning for much of the year. Last week’s price action allows us to look again at what moves the USD so that we may better define what to look for going forward. We look at the EUR/USD from the view of the Bull and the Bear; and we discuss specific actions and indicators. Charts are found at the end of the discussion.
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JDS UNIPHASE JDA SOFTWARE GROUP JACK HENRY and ASSOCIATES IXYS ITRON
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