Price is looking better this week so far, good start, if it breaks last weeks high around 1.28 we can easily go back to 1.30 area after that.. So far one higher low, however two would give a better conviction. On the other hand if it finds weakness at 1.28 to 1.2830 area then it is possible for a fall and retest of 1.2650.. More likely it will keep going up though if you ask me, technical wise and fundamentally.. Euro has issues, but the fiscal cliff is going to be on the spotlight very soon.. No matter what the US does it will negatively effect them for a while.. whether raising taxes or what not if you ask me.. The topics on this massive debt is going to have many not investing..I mean would you invest in US just before a decision on a debt that is that big..? The US index may actually crash big time.. I dont think many would invest at all.. Big investors should be the same.. way too risky.. But i guess we will all see soon enough...
Erm..just a noob opinion..
This post has been edited by kenjikyuki89: Nov 19 2012, 09:25 PM
Forex Version XI, Foreign Exchange Market Discussion
Nov 19 2012, 09:23 PM
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