Concepts’ Taylor says EUR could break up

Same okld song and dance from FX Concepts’ John Taylor. He says the US could be heading back into recession and the gloomy economic picture in the US is the reason the dollar is strong. At some point theoretically, the euro could fall apart, he says.

Sterling will go up against the dollar in the long run and he is optimistic on the UK economy.

Commodities will slow down next year as the US goes into recession, Taylor says.

EUR/USD has dipped to fresh session lows at 1.3246 on the Taylor comments, triggering a few stops.