Friday 6 March 2015




Just as I thought, the US Non-Farm Payrolls not only failed to provoke a new move to the upside for the EUR/USD but they caused yet another drop. The pair reached target 1.09 and broke below that level with ease. To be honest, I see no more serious support levels on the way to parity and it looks like nothing can stop the bearish trend. EUR/USD will likely reach 1.0000 in the foreseeable future, but the question is whether it will it fall even lower? And just how much lower can it go before we see a reversal?

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