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Forex Sticker Shock

Forex Sticker Shock

5 Years ago | March 10, 2015 00:00:00

I have gotten several emails this week from traders listing reasons why the EURUSD should not be going lower. They include the market is vastly oversold, the large EZ current account surplus, central bank concern over the pace of the move down, which if maintained would see parity reached in short order, capital flows that favor US companies looking to buy European companies due to the strong dollar, etc. You get the point, it is sticker shock that is making it hard for traders to jump on the bandwagon.

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