FXAssetManagement.com believes the Dollar will get stronger based on it's evaluation of technical and fundamental factors. The Euro is not exactly a bastion of strength with the economies of most of its member countries not exactly doing well.
In the USA it appears they are ahead of the curve in getting ts financial house in order compared to Europe. In addition, they are quietly building an energy infrastructure that could bode well for the future. The production of Natural gas will make the USA a supplier to many nations including European ones. This in turn will help the USA economy and strengthen the USD against EUR. These fundamentals alone should help see the USD strengthen against the EUR
The pair also technically a bit stretched. We are seeing some upcoming resistance, and our analysis tells us an even stronger technical pattern may put a roof on this rise of the EUR/USD.
We are forecasting, 1.30 to 1.32 by December.
We 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.
FXAssetManagement.Com is a Forex Money Manager COMMODITY TRADING ADVISOR REGISTERED, NFA ID#: 0391484 specializing in, Managed Forex Accounts. They can be contacted via its website www.FXAssetManagement.com
