Wednesday, 7 January 2015




EUR/USD broke below 1.1860 – which was a multi-year low - with ease and will soon reach 1.1800. The bearish trend is so strong that I think it is likely it will continue towards target 1.1700. Also, I know that I have often talked about this pair reaching parity, but up to this point this has always been idle speculation on my part. However, now that I look at this bearish trend I am starting to consider the possibility more and more seriously. The all-time low for EUR/USD is 0.8200. The question is, just how low can the pair drop now?
Posted by at
Labels: ,

4 comments:

  1. Unknown7 January 2015 at 14:12

    It seems nothing can stop this pair dropping.

    ReplyDelete
  2. Anonymous8 January 2015 at 00:05

    Technically, the pair remains very bearish but also much oversold, leaving us looking for a short-term bullish correction under 1.18, probably toward 1.20 where we once again expect to see sellers as long as the same fundamental environment remains unchanged.

    ReplyDelete
  3. Unknown8 January 2015 at 22:01

    big drop

    ReplyDelete
  4. Unknown11 January 2015 at 04:14

    very useful.

    ReplyDelete

Subscribe to: Post Comments (Atom)