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The Dollar's Line In The Sand
Saxo Bank's John Hardy says Euro Dollar lines in the sand are clear.
He Tells Saxo TV's Sara Walker key moving averages and the price are converging again and possibly setting up a 1.3000 test in the very near future.
Last week Federal Reserve Chairman Ben Bernanke said monetary stimulus programs, which weaken the dollar to spur recovery, may taper this year and end next year if the economy improves.
To read more of John's views on the forex market go to:
http://www.tradingfloor.com/traders/john-j-hardy
01:29 minutes
Tags: US economy, ben bernanke, charts, currencies, dollar, dollar index', euro, euro dollar, euro zone, eurusd, fed, federal reserve, forex, fx, john hardy, monetary stimulus, price, sara walker, saxo bank, saxo tv, tradingfloor.com, tradingfloorcom, usdeur