Thursday, 30 April 2015
EUR/USD trends up and don't mind the Greek crisis
The Euro is definitely trending upwards against the US Dollar, even though there is plenty of room for downswings. The Greek crisis is of little importance, given that Greek GDP is a mere $0.23 T, compared to Germany $3.9 T, the EU $18.5 T and USA $17.4 T (2014 figures). My previous projected map of the upswing is still valid.
The fundamentals are that the Dollar has grown too strong against other currencies and must suffer a big correction.