Can dollar bulls maintain their momentum? Or will euro bulls step back in to extend the uptrend? EUR/USD is currently trading at a 38.2% Fib retracement that also lines up with a short-term resistance.. Sitting just a few pips below the level, however, is the 1.2575 area that lines up with the 61.8% Fib, 100 SMA, and rising trend line that has been unbroken since late February. Buffett and the forex market. In 2002, the Sage of Omaha did something completely new for him - he started to trade actively in the forex market. The reason he did this was straightforward - he was concerned about US trade deficits.