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Adam Mcalister
Sep 10, 2020 9:55AM ET
Good morning: As I repeated countless times yesterday, 93.20 was the support level that needed to hold. If it broke I said it would be very bad for the dollar. Well it broke and the dollar slid. I also said ECB would have to come out with better than expectation news in order to propel the Euro higher, well it did. ECB came out with way better than any analyst expected for the Euro - this too sent the Euro flying. Dollar taking a beating - no denying that but this isn't surprising given yesterdays analysis. At this point, if still long I recommend holding tight to see how it plays out as most of the damage is already priced in.
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