Published on greenfaucet (http://www.greenfaucet.com)
Dollar On Verge Of Break Out; Goldman On Verge Of Being Stopped Out...
By Tyler Durden
Created 2010/03/22 - 12:26am

The DXY is ripping, and is about to break out of recent resistance levels. News out of Europe that no bailout of Greece is to be expected [1], further compounded by some serious doom and gloom out of Evans-Pritchard [2]about the EMU and the euro in general, means that the euro will soon make a date with the one point two-handle. This is certainly not good for Goldman clients who just one week ago bought into Goldman's pitch [3]of going long the EUR/USD, with a 1.35 stop. Looks like that stop is about to be breached.

[4]

Source URL: http://www.greenfaucet.com/technical-analysis/dollar-on-verge-of-break-out-goldman-on-verge-of-being-stopped-out/35584

Links:
[1] http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0vYcCbtY8_0
[2] http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7494718/Has-Germany-just-killed-the-dream-of-a-European-superstate.html
[3] http://www.zerohedge.com/article/goldman-tells-clients-go-long-euro-145-three-month-forecast-135-stop
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/DXY 3.22.jpg