Peak Theories On The Euro Versus The Dollar

Tyler Durden's picture

Abigail Doolittle of Peak Theories shares her latest technical observations on the EURUSD. Coming at a convenient timing, following after the CFTC COT data, her outlook is diametrically opposite from that of Goldman whose LT and tactical targets are 1.55 and 1.37 respecitvely. Specifically, "I think we could see the euro hit about $1.225 between now and the end of the second quarter of this year while the dollar index may crest to between 86 and 88 in the same time period." The charts attached explain her reasoning.

The Weekly Peak: The Euro versus The Dollar (pdf)