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Hi mphpopular,
it looks like an double bottom up could be forming on the EU 1 & 4 h.
About the dollar index, here's an quote from my broker(stocks) newsletter: "Not long after Lehman failed last September, we argued that the dollar was proving to be a “parking lot” for investors as they put their cash in US T-bills and waited for the surge in risk aversion to blow over.
There’s no maximum capacity but, the more this parking lot fills up, the more the dollar could fall when it eventually empties out. One reason for this view is that longer-term capital flows into the US have been poor since before Lehman’s bankruptcy."
So there is also fundamentals that dollar could weaken a lot in 2009
This is an great thread mphpopular, keep it up
Thanks for your post and welcome to this thread. Nice to meet you as well.
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