Trades,
I have another reason for watching the USD/EU dance. I am heading to Europe next Friday and I am trying to time the exchange - which I know won't move that much in such a short space of time.
But, I've also taken over my partner's account - and have been watching this duo for a good entry point.
I'm actually surprised by the strength of the Euro - in view of the Team Sarkozy/Merkel dancing duo. Everybody is expecting Greece to default (as if it hasn't already defaulted) and targetting March 20 as "D" day. So, I expect a lot of volatility over the next few months - but where is the strength coming from to support the Euro?
Anyway... markets don't give a rats ass what I think. Just stick to the charts - that's where the REAL story will unfold.
Thanks for the charts!
S