Don't know what to think here with the race to the bottom for currencies now with worldwide intervention. Obviously the central banks are scared just like a drug addict fearing withdrawal.
Is it possible for the dollar to be in a long term decline that started at 121. The first 5 down ended at 70. We got an ABC correction from 70 to 88. Now we are back in the long term decline in the dollar.
Other than the name, EUR and USD have the same problems.
4 comments:
Ill double Jinx it as I agree and placed money down.
I did as well. Stop at BE, love to not have to deal with it anymore for a long time.
So much for that call, 61.8 retrace=1.39 however.
Don't know what to think here with the race to the bottom for currencies now with worldwide intervention. Obviously the central banks are scared just like a drug addict fearing withdrawal.
Is it possible for the dollar to be in a long term decline that started at 121. The first 5 down ended at 70.
We got an ABC correction from 70 to 88.
Now we are back in the long term decline in the dollar.
Other than the name, EUR and USD have the same problems.
I think Gold is the safest currency play.
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