The euro is hated by a lot of people over there, but backing out should be interesting ......
Long dollar !!!
Just looking at that Euro chart (as a an amateur investor who will never do currencies or futures), doesn't it seem like there is an 8-cent interval between critical support and resistance levels? (1.18, 1.10, 1.02, .94, .86, then back up to 1.18, 1.26, 1.34) I wonder what will happen when it tests 1.18 and then 1.10
That graph in reply 10 is pretty striking. Economics and currency trading are not my area of expertise, I'm an engineer. What is it that accounts for the cyclical sawtooth pattern that has a nearly constant period of four months? Is it natural or is it forced?
BTW, Viva Italia!