Friday 19 December 2014

The Bearish Trend Continues




Despite my doubts and my suspicions that range would continue, EUR/USD broke below the support level at 1.2250 before January. I am feeling quite pleased with myself at the moment because I managed to sell again. I think now that the pair has broken below that support the way to 1.2200 should be clear, but then again, everything is possible. Still, I believe the current target is 1.2200, and as I have mentioned before, the pair will probably reach 1.2000 as well. Time will tell whether or not EUR/USD will reach 1.0000.

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