July 22 EUR USD trend line breaching

Watch this short term rally push the Euro around, I bet it is short lived.

Targets of 1.569 and 156. then if we break that and the US markets are still holding up possible 1.55 to .54

We shall see, this is still in a powerful trend.

Feds spigot is still wide open into the market place and getting into the Fannie mae and Freddie Mac will just increase the long term pain to the markets and lower dollar. Expecting a rebound on the Euro soon.