Euro May Have More Room to Run, but Nearing Resistance
By Drew Shaw • Sep 29th, 2010 • Category: Broker Commentary, Market Updatesby Drew Shaw and Kyle McEwan The euro has been gaining ground on the U.S. dollar amid speculation that the Federal Reserve may announce new quantitative easing measures. The dollar declined to $1.3639 per euro, the weakest level since April 15, 2010. If you are long the euro, you might want to let your position [...]
