EURUSD new bearish trend in place?

Well although EURUSD did manage a 5pip up start it quickly fell back down again. I think this week we will see the rise of the USD from the ashes. More trouble in the EUR zone is brewing but I think current worries are built into the price at this stage.

The thing about USD is that there was higher than expected employment figures, higher employment means more spending and production which means an increased GDP for the USD which means….well you guessed it… EUR may be falling like a log.

Oh and a little bird told me to buy AUDJPY which I have this morning aiming for 106 somewhere (actually it was 3 quite big bank birds).

Leave a Reply

%d bloggers like this: