This week could be an interesting week for the markets. I believe it will yield a good opportunity for the dollar. If you remember last year at thanksgiving it was the eur that broke the 1.30 level and ran up to 1.33 and then never looked back from a yearly stand point.
I believe we will see the exact opposite this year. I expect a substantial pullback using 1.4693-1.47 as a good level to sell from. I expect to see this move mirrored in the chf as well. 1.1160-1.1180 is a good area to begin buying. I am personally still holding my trade positions with orders from the 1.1200 up to 1.1260 level however I am trading with very low leverage and I am targeting 1.1385.
I believe we will see 1.9887 on the Cad this week, maybe even today depending on how things play out. This will be a key level to break on its way to Parity.
With that said I see a good week ahead so stay tuned and keep an eye out for my updates.
