Jan 30

On January 27, the EUR/USD (exchange rate between the euro and U.S. dollar and the most widely trade forex pair) slipped below $1.40 for the first time in six months.
In other words, the dollar -- which most analysts considered all but doomed a short while ago -- now stands at a 6-month high against its main competitor. This brings to memory an interesting quote from EWI's president Robert Prechter's May 2009 Elliott Wave Theorist. Bob talks about the stock market, but it applies equally to forex:
To anyone not versed in socionomics, everything the stock market ...








