What about the euro exchange rate of: Let's look at the current chart in the 10th year, we can see an anti-trend wedge formation - shown in green - this is a continuation pattern, meaning that the course in the previous direction - ie up - continue to be. Now to be seen whether the rate is defended down, because here runs a strong support zone in the range between 1.20 to 1.30, and whether the course can then come directly out through the upper trendline of the wedge, which is currently at about 1 , 45. runs, this would the "strength" of the euro against the U.S. dollar to demonstrate and provide for further significant price moves up.
comes Indeed, as I said in "In God we trust?" wrote , soon to raise the debt ceiling in the U.S.. Only here, the debt level is moving in only one direction on currently I am counting on a shift of the maximum debt limit at about 17 trillion dollars, and the fact that this new limit is reached within the year 2011, actually.
And so we pretty much above are is the U.S. dollar so that more of a relegation candidate.
And so we pretty much above are is the U.S. dollar so that more of a relegation candidate.
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