FX Asset Management sees more weakness in Euro/Usd
FXAssetManagement.com Who Correctly Forecasted a Stronger US Dollar, Warns Investors, Sees More Weakness
As more comes out about Euro economies, the USD is standing strong with Oil, as the Euro has weakened against the USD.
Forex Money Manager Fxassetmanagement.com, who again correctly forecasted a stronger US Dollar and weaker Euro this past October , saw it drop 10 cents or nearly 1,000 pips in less than 3 months.
Fxassetmanagement.com says fundamentals alone should help see the USD strengthen against the EUR, but also technically and believes. We could possibly see another 3 cent drop to 1.2600 level in the new year.
They are still advising to leave 80% assets in safe liquid investments and only speculate with the other 20% and warn investors, of the importance of risk management and capital preservation.
