Friday, 16 January 2015




EUR/USD continued dropping today and fell over another 100 pips, reaching 1.1460. Nothing seems to be slowing down this pair any more. I admit this is one of the most impressive drops I have seen in the past few years – the other being, of course, the LCrude drop. That said, I do wonder when will the EUR/USD pair begin correction. There are no more serious support levels on its way down as far as I can tell, but obviously it cannot fall forever. The more it falls, the more suspicious and tense I feel.

4 comments:

  1. Great analysis! We have to be very careful with this asset.

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  2. Great assessment. I'll keep a close eye on it.

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