The bigger picture is still in question. In one scenario U.S. interest rates rise and the dollar becomes king. In another, countries drop out of the euro, leaving only Germany, and the euro becomes strong. Or a third possibility is that the U.S. has a constitutional crisis and the dollar collapses.
In any event, 1.0626 is the first barrier. Once through that, 1.0860 becomes the next hurdle and then we're off to 1.1380. So for Black Belt Traders there are only two points to be navigated, thanks to the DPI, If 1.0626 holds, then we're on our way to 1.0111 and parity. DPIs have simplified the way currencies are traded. They are simple, allow traders to hold onto winners, get out of losers quickly and avoid overtrading.
Black Belt Trading techniques were developed by Jeff Wecker, former CBOT member with 30 years in the business. Jeff now coaches traders in 7 different countries including the U.S., Canada, the UK, India, Australia, Argentina and Kenya.
Ask for a free copy of the synopsis of Jeff's upcoming book "How to Be a Black Belt Trader" or a a free copy of our study of the characteristics of the world's top traders.
Black Belt Trading....Where Making Money is All That Counts