Blindfoldedmonkey: EURUSD trading idea - behing the dollar wekness

Friday 26 July 2013

EURUSD trading idea - behing the dollar wekness

The Dollar Index fell since 10th July steadily, this is now the third-straight weekly decline. The greenback currency has weakened versus 15 of its 16 major counterparts in the last week. Last week Bernanke told Congress hat any reduction in stimulus would depend on the economy’s performance. So we still predicting further dollar weakness against the majors and specially versus euro.
We are long on bigger frame. Our target is 1,3400.

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