Wednesday, April 16, 2008

Dollar sinks to record low vs Euro


Dollar shows new lifetime lows against Euro at Wednesday 16 at U.S. home construction and euro zone inflation news . The Euro was 1.5977 against Dollar. So will it hit the 1.60 this week? Will it bounce from 1.60 or will breakout to 1.61-1.62? Please vote if it happens. By the way yesterday I BuyZoned extra 6 pips with Euro downmove. I do not like to trade Euro (I can not explain exacltly why) but I missed my USDJPY trade at the hour open - so I switched to EURO and took my profit for less than a minute. Still Euro trades are less risky than the Cable ones.

4 Comments:

$ Mad Money Renato $ said...

can we exchange links ?

http://www.madmoneyfund.blogspot.com/

zoom56okdavid said...

I think a video on YouTube called dollar vs gold or vice versa that gave a pretty good overview of this issue.

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