As difficulties in Greek bailout continue and it is evident how in Europe the issue of sovereign debt will play an important role in the next months, the dollar has developed a rebound in the past days goi back up to 1.369. The weakness of Europe is a theme that will be recurring. Although the situation of debt in the US is very serious, in Europe it is a problem TODAY and will not go away. I think there are the elements to see a stronger dollar.
US Dollar Is To Gain Strength
Technically, the dollar is developing 5 waves to the downside and now it is in wave 4. We should see the rest of 1.327 and hopefully a breakout.
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