Conventional Thinking Is Wrong on the Euro
03/03/2010 12:01 am EST
We ended 2009 with the overriding consensus that the US dollar was going to be under pressure and keep moving lower against the euro.
Well guess what, the euro proved to be even weaker than the US dollar as it moved to levels not seen since May of 2009.
So what happened? Was conventional thinking wrong, or did the market get it right? We may be at a tipping point where conventional thinking could well be wrong again.
In the video below, I’ll share with you what I see in the euro/dollar cross right now.
Watch the video for details:
By Adam Hewison, founder of Market Club