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Who Do You Think You Are Kidding Euro!

Roubini.."The European Central Bank should not raise interest rates in its next meeting because it risks widening the gap between struggling periphery economies and the stronger ones at the center of the euro zone"...""In my view that's a mistake ... I think that the ECB is rushing too fast into hiking rates," Roubini said in an interview."...

We agree, we are watching any spike up to 145 for a short. Maybe mid April 2011. Massive resistance around 142 to 145...so say the PnF.

Of course, things get real interesting if QE2 ends early, or QE3 is put on hold. Keep your powder dry!

Source: ECB April Rate Hike Would Be 'a Mistake'

FXE Euro 2011
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