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source: sxc – Ambrozjo In the past few weeks, the Euro has been showing signs of strength in comparison to its low points of the year. Let me remind you that the Euro was trading at below $1.2000 for a while and yesterday it managed to rise above $1.2700, though it failed to hold above [...] On Friday, the Euro continued its long term downward trend vs. the USD and plummeted below the support level of $1.2000, a 4 year low against the USD. I was not surprised. Those blog readers who acted according to my recent Euro prediction for 2010 may have made some serious cash. If you’re one of [...] In a previous post I wrote on January 22nd, I laid out my euro prediction for 2010 and voiced my opinion that the Euro will have a bad year. The factors I mentioned to support this view were: 1. A recovering US economy that makes the dollar more attractive. 2. Problems in the Euro-zone with some members [...] |
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