Hi!

Well, a lot of pundits now say that EURUSD has seen its last high: 1.6019.

From there, EURUSD has gone down very fast to 1.5554. And maybe it could go to 1.53xx this week or lower. But I'd like to point out something:
FED will cut again this week, from 2,25 to 2%. Lets imagine too that GDP comes out lower than expected and that NFP comes out much more down than they say. Pundits then will say....bla, bla, bla....

The majority of pundits work for big houses. They are not independent. You should not forget that. Trading is a dirty business.

Have we seen the last high on EURUSD? I do not know. If I were to answer that question taking into account what's going on in Spain, I'd say yes. But if I look at Germany, all what I can say is: maybe not, not yet.

We'll see. This week is going to be a very important one.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline