Given the technicals on this chart, it seems like going long EURO is the safest bet.
The USD had good run, however with the global markets hinging on depressionary territory, a collapse in the USD would help exports thus helping it maintain Global Reserve Currency status.
I've laid out the LONG term target, with this, directional scalping becomes easier, or more importantly - setting stops.
I'm long FXE - Far Out The Money
The USD had good run, however with the global markets hinging on depressionary territory, a collapse in the USD would help exports thus helping it maintain Global Reserve Currency status.
I've laid out the LONG term target, with this, directional scalping becomes easier, or more importantly - setting stops.
I'm long FXE - Far Out The Money