Instead of talking about parity, the "experts" are now talking about 1.46....
EUR/USD MEDIUM TERM TREND OUTLOOK BULLISHThe medium term outlook for EURUSD is bullish...the major trend reversal last week allows a move to +-1.4000 but it would not surprise if 1.4600 reached.
The weekly/medium term InvesTRAC system went into a buy mode week ending August 31 and it remains in place with the forecast suggesting that it may terminate late February or early March. T
he weekly chart above shows the parallel upper channel line reversal week ending September 7 and then the 13 week working of the tandem moving average...and now there has been a violation of the resistance across the previous tops and the downtrend from the March 2011 high at 1.4940.
The way has been opened for continuation of the nedium term uptrend.
http://www.investrac.com/blog/eurusd-me ... ok-bullish
It's all about "how much you made when you were right" & "how little you lost when you were wrong"