I Was Wrong But Maybe They Are Not Right ? Sell EUR/USD


This is coming from someone who cut loss EUR/USD at 1.19 in 2010 and who cut loss on EUR/USD at 1.49 last year.

I am a terrible EUR/USD trader by my own admission and yet there is this constant obsession with it. Well it still does make up 25% of daily global forex turnover.

But look at the Fibonacci chart above. With the hindsight of 2 painful experiences and only more Euro uncertainties ahead, I still see EUR/USD at 1.2850, testing the 23.6% retracement before anything.