There is a lot of action ahead for this week. The key will be staying with the market trend and carefully watching for any breaks to the downside. The volatility between the Euro and the Dollar is not going away but too many analysts are calling for the Euro to fall to 85 cents versus the US Dollar, in my opinion. I think parity is a very real possibility but I find it rare when all the analysts are right. This week though I am expecting the Euro to fall further.
The other item to be aware of is the distinct possibility that oil will fall to $40, before it rebounds to $50. That certainly seems to be the outlook for most analysts at the present time and for the first time, they could be right.
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Key Levels and Trade Ideas For The Third Week Of March – Investing Strategy Notes for the Week Ahead
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