– FX Asset Management Sees More Strength in Euro/Usd
FXAssetManagement.com Who Correctly Forecasted a Stronger US Dollar, Sees EUR Strengthening
As more comes out about Euro economies, Euro has strengthened against the USD after dropping to 1.2872 in 2011.
Forex Money Manager Fxassetmanagement.com, who recently forecasted a stronger US Dollar and weaker Euro this past October, and than saw it drop 10 cents or nearly 1,000 pips in less than 3 months, sees more upward movement.
Fxassetmanagement.com says momentum, techinicals and perception of a better economic plan for Europe could help push the EUR to 1.38 to 1.40 the point when Fxassetmanagement.com went bearish in the fall. We could possibly see another 4-5 cent move up, Fxassetmanagement.com says this could happen by March European Summit or sooner.
They are still advising to leave 80% assets in safe liquid investments and only speculate with the other 20% and warns investors, of the importance of risk management and capital preservation.
