Stocks and oil weren’t the only markets going berserk last week. Eurodollar, or EURUSD — the world’s biggest and most popular forex market — first rallied 700+ points (or pips) higher and then crashed about 500 pips back to earth, all in a matter of a few days.
Watch this new interview with our Chief Currency Strategist and Currency Pro Service editor, Jim Martens to find out what was behind this stunning 1,200-pip “roundtrip”?
This article was syndicated by Elliott Wave International and was originally published under the headline (Interview, 1:44 min.) Euro vs. Dollar: See Why “Excitement Is Yet to Come”. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.