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?
Big drop on EURUSD.
ReplyDeleteWell spotted! I’ll be even more careful.
ReplyDeleteI think the next level is gonna be 1.000 .
ReplyDelete1.000 not too far from where we stand.
ReplyDeleteI guess we will see 1.000 sooner than we expect.
ReplyDeletelets see how low it drops.
ReplyDeleteStrong decline!
ReplyDelete