There is no doubt that the EUR/USD pair wants to target 1.5000 again and may actually reach that level this week, but it will have to do so with more substantial reasons than mere stop running. Trading in coming days could be well be driven by the housing data upon which the whole dollar arguments rests at the moment. If housing continues to plummet to subterranean depths, putting relentless pressure on the Fed to cut in December, currency traders may well feel emboldened to run the 1.500 barrier once again . However, if housing shows some signs of stabilization, the rest of the economic docket looks relatively dollar friendly.
read more:Dollar: 1.50 in the Crosshairs?
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