Dislikedyeah that is the question, is eur/usd trending now down, or did it just bounce off from a monthly trendline.
Well, I don't wanna get into economics again, but I am more biased to the upside. Here is why: USA has a trillion dollar of debt outstanding, is pumping in hundreds of billions of dollars almost every half year and has no real industrial sector to speak of. If the USA won't crash from the debt, it will certainly from the hyper inflation it creates by printing new money every day and pumping it into the economy to keep interest rates artificially...Ignored
I agree about economics.
USA has got a tons of debt which is frankly cannot be paid off and it's industrial base has been hollowed out.
When this thing blow it's hard to imagine how markets will react.
But for now it is better to go with price.
But markets can be irrational.
I do not know, may be, markets are sensing some rot in Greece or another part of Southern Europe or Ireland.