KlejdiCuni

EURUSD: Is the EURO strong enough to push against the USD?

Long
OANDA:EURUSD   Euro / US-Dollar
EURUSD: Is the EURO strong enough to push against the USD?

As we have seen during this month's EURO is very weak against the USD.

The U.S economy is very strong and the speculations from FOMC regarding the Interest Rate
is also very high by holding EURUSD down under strong pressure.

On the other hand, EUROZONE is still holding a very dovish tone when it comes to
the economic support and the further steps that the can take.
This is adding more advantage to the USD to dominate the market as one of the strongest currencies.

Actually, I am expecting a normal correction before the next bullish move but it
can be also a deep correction considering that the news Websites are still speculating a lot
with the hawkish tone from FOMC.

PS: The EURO is still very weak...

Thank you and Good Luck!

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