KrunchieKilleen

EURUSD continues downward

FX:EURUSD   Euro / U.S. Dollar
321 1 2
A month ago, I suggested lines A and B on the chart as the likely turning points for the drop in the value of the Euro             against the US Dollar             . Such is the momentum of the decline that I now expect it to continue as far as line C, i.e., to a value of around $1.25 before having a swing-back.
in my humble oppinion, due to the fact that the 2 conflicts are calming down (Israel-Palest. & Ukr-Rus) i see the pair more bullish in the next 3 -4 weeks despite Draghi.
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