FOREX TRADERS

[Mister Lava]

For those who've been shorting the EUR/USD for the past week (like me) I'm seeing a bottom forming on this pair. I'm looking for a move back up to 1.3100+ within in the next week or so.

Why did the dollar go bullish against the Euro and Pound the past two weeks?

-Low oil prices
-Gold cooling off
-Dollar index ramping up
-Less jobless claims/new job creation
-Good retail sales
-Uptick in new/existing home sales
-Positive inflationary data
-No recent talk of Asia/China/Europe/Middle East divesting in the USD
-More well-versed amd well-timed lies from the Fed about the U.S. economy

Those are some of the major reasons we saw a slight correction with this pair, but get ready for a move back up.