Re: Predict the direction of the Dollar thread
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Lets hear some opinions for the next week and month. Use the DXY or your favorite pair.
EUR/USD. I think the dollar bottoms out next week after the coming rate cut, especially if we get 50 rather than 25. I'd say 1.45 might be a good spot to try and catch a major reversal in the dollar.
Thoughts?
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Why would it bottom out and why would it reverse?
I think it keeps dropping if there's a 50 bps cut. Maybe thrashes where it is on a 25 bps cut.
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