Tip of the Week - Go Long on EUR

I'm anticipating a lack of volatility early in the week but looking for a turn by Wednesday particularly in relation to the EUR/USD and EUR/CHF.  Look for many factors that will drive the euro higher, possibly into a major rally. Look for better than forecast news from the German ZEW economic sentiment and subtle weak dollar comments from the US Fed when they announce a hold on interest rates. Couple that with the Swiss National Bank's desire to drive the peg against the euro higher and the fact there are now a majority of short positions in the euro.  One of these factors alone may have little overall effect on the euro but synergistically, look for the EURO/USD to approach 1.375 in the relative near term.

So after batting 1.000 last week, I highly recommend going long EUR/USD and setting loose stops because there will ultimately be fluctuation before the drive higher.  Buy on these dips as opposed to bailing out and look for a tidy profit by week end.