FOREX TRADERS

[ElderWolf]

I tend to agree. The dollar doesn't have enough fundamental strength to sustain a long term run. However, it appears the euro has the same problem. It has not had enough strength to break out of the long term head and shoulders pattern as seen on a 3 year weekly.

This pair will strengthen and weaken pretty well on a weekly basis within the well established channel. Until we close above 2974 or close below 2456, we're in a nice channel.

The demand for the dollar is keeping this from going through the roof, imo.