Thursday, May 14, 2009

EUR/USD


To make things clear I do not trade forex, but I'm a technician. I also look at this chart to get a feel for what the dollar is doing. I think the dollar is going to strengthen in the short term. A stronger dollar will push commodity prices down. But when the dollar begins its longer term price movement lower I will be getting long USO, DBA, DBC and maybe some POT or MOS.


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