- EURUSD has been a frustrating short for a few years until May 2014.
- Then came Tappering in the US and the Prospect of QE in Europe.
- Throughout, EURUSD kept moving lower through key resistances.
- Since it crossed below 1.2000 it is moving vertically.
- The move at play is comparable to the the move that occured between 1.6000 and 1.2300 back in June 2008.
- A 23% move down from 1.4000 could at play again.
EURUSD may fall straight to 1.0700 before rebounding.
All our system will find the currency pair oversold. Many traders try to buy it. It may go straight.
Stance:
I do nothing right now and would buy 1.0700 aggressively.
- Then came Tappering in the US and the Prospect of QE in Europe.
- Throughout, EURUSD kept moving lower through key resistances.
- Since it crossed below 1.2000 it is moving vertically.
- The move at play is comparable to the the move that occured between 1.6000 and 1.2300 back in June 2008.
- A 23% move down from 1.4000 could at play again.
EURUSD may fall straight to 1.0700 before rebounding.
All our system will find the currency pair oversold. Many traders try to buy it. It may go straight.
Stance:
I do nothing right now and would buy 1.0700 aggressively.
