Forex Contrarian : EURUSD
Someone just reminded me about my interview with the former trader and that he forecasted EUR/USD to break above 1.3550 before plunging down to 1.26 eventually.
It is starting to look that way as audacious a call as it may sound right now.
Momentum down. RSI down.
Yes. 1.26-1.27 looking possible. Heck Goldman.
Things are looking choppy ahead… there is a divergence in consumer sentiment in the US (obviously… would you be happy if your salary after taxes is reduced???).
Its a race to the bottom in the FX market. Boils down to who can key in more zeros on their keyboard. Cheers.
Yes.
I think something is going to have to give soon. There is very little to cheer for going ahead and markets are bending themselves backwards and setting themselves up for disappointment. The CESIUSD has dipped quite sharplybut CESIEUR has gone through the roof and acting like Greece, Cyrpus and Ireland never happened. Headlines from Spain being ignored.
Something is not right.
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