The Dollar has been on a big roller coaster ride over the past couple of days. The Eur/Usd pair set an impressive high that was just under 1.48...a level that it has not seen since the summer. Even crazier is the major retracement back down to 1.38...almost a 1000 pip pullback in just over 24 hours. Look at the 3 hour chart below to see the past weeks trading action.
These are extreme moves on both ends and I think that it represents major turmoil and uncertainty in the global financial markets. We'll see if this pullback is just a dip in the euro's rally or if the euro's rally was really just a dip in the dollar's rally that has being going since July of this year.
Good luck out there.
TLT
These are extreme moves on both ends and I think that it represents major turmoil and uncertainty in the global financial markets. We'll see if this pullback is just a dip in the euro's rally or if the euro's rally was really just a dip in the dollar's rally that has being going since July of this year. 
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