Replies to post #2765 on FOREX TRADERS

[Ataglance2]

Morning Transat..
lol.......its so up in the air...a safe bet would be to say the USD will continue to decline...I have heard swiss banks for the last 4 days have been selling the dollar and the yen and buying the EURO.....this next piece shows the EURO/USD as being neutral..But it does show your 1.24........

EUR/USD (1.2342) / Weekly Forecast
Trading range: 1.2210 / 1.2395
Trend: Neutral
The effect of G7 meeting and the expectations control of the dollar by IMF will be temporary. The speculations are the moving factor on the market last week and during the coming week will continue to be dominating by the rumors and speculations for Fed’s Interest rates expectations. The most important fundamental events during the coming week are Fed’s Beige Book on Wednesday, Consumer Confidence, Durable Orders, GDP-Adv and others. Technically the level of 1.2395 is forming as key resistance and break above will open the trading for levels above 1.25 during the coming month.

[ElderWolf]

My opinion....the dollar is DOOMED for the long term. And I do mean DOOMED. LOL. But seriously...as time passes...the thread that keeps the dollar hanging on tears just a little more. In my opinion...at some point in the future, we'll need a wheelbarrow of cash to buy a gallon of milk. This, of course, is just my opinion.

As for the short term, it's all a big game. My feeling is that fundamentals don't have as much of an effect in the short term. I use mainly technicals to make those types of decisions. What do you think about this Bro. Glance?