EUR/USD
broke through support at 1.3330 and keeps falling. I admit, I was hoping it
would reach 1.3450-1.3480 before it started falling again, but apparently it
was too much to hope for. The situation in Ukraine likely has a great effect
on this pair. That said, obviously there should be some sort of rebound, and
soon. On the other hand, I am just wondering just how much lower it can go.
Could it reach 1.3000? Obviously that is not going to happen in a few days – it
is unlikely to happen even in a few weeks and there should be recovery along
the way, but could it really go that low?
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