Forex Is On Fire

The Forex market is on fire as the U.S dollar sinks lower. Looking at the above chart we see a 3 1/2 year weekly chart of the British Pound, The Euro currency and the Swiss Franc. All three currencies have moved higher making new highs for the year but only one has broken out above the 2004 December highs and that is the British Pound. The British Pound is clearly the strongest out of these 3 major currencies followed by the Euro and then the Swiss. If you are looking to get long these currencies, the British Pound is the one you should be in on the next pullback.. The Euro and the Swiss also look good but I'd stick with the B-pound, it's the leader.