John Taylor bullish the buck long-term, sees EUR to 1.5250 first

John Taylor, the head of FX Concepts, the largest FX-only hedge fund says he sees EUR/USD going to 1.5250 in the next few weeks but that he is most bullish the dollar and Norwegian Krone over the next 12 months. He terms the euro as “fully priced”. He sees the S&P topping out around 1120 in coming weeks.

EUR/USD trades quietly around 1.4970 after stalling at 1.4990 thus far today.