Tuesday, July 12, 2011

The Dollar and Euro Have Broken Out of Consolidation

Technically, the next stop is the 200 day EMA. But that assumes the US won't default on its debt, the deadline of which is just a few weeks away.

At the same time the dollar has broken out of its consolidation at low levels, the euro is falling from consolidation at high levels, as traders fell the EU region because of he debt crisis issue.