UPDATE: As far as I am concerned there is close to 0 hope left that there might be a last-minute deal on Monday to prevent the implementation of capital controlls and finally the Grexit >>> Markets will respond "Not with a Bang but a Whimper" twitter.com/999BTC/s...s/612325590239211522 >>> 'It's time to hold physical cash,' says one of Britain's most senior fund managers www.telegraph.co.uk/...r-fund-managers.html >>> World stock markets face bigger threats than Grexit www.telegraph.co.uk/...r-another-crash.html
Not much left to say from my perspective... Therefore, I hereby confirm the bearish outlook for EURUSD in the coming week, although it is opposing recent bullusionist market sentiment.
After yesterdays trade played out quite well, this idea shows you where we are heading in the coming two weeks. Let´s face the truth in an unbiased way for once. There is close to 0 hope for a last-minute deal with Greece that might prevent the desaster from unfolding. The Grexit it is more than just likely. And it most definitely gonna get ugly. Make no mistake about it.
Technically, it looks like this. The EURUSD pair keeps on dropping to approx. 1.06786-1.07186 while we approach the deadline on June 30th. Shortly after it is written history that all last-minute talks and negotiations failed, the EURO will drop like a stone to 0.99 and stay around parity for the time being...
Bulls better run and look for shelter!
Not much left to say from my perspective... Therefore, I hereby confirm the bearish outlook for EURUSD in the coming week, although it is opposing recent bullusionist market sentiment.
After yesterdays trade played out quite well, this idea shows you where we are heading in the coming two weeks. Let´s face the truth in an unbiased way for once. There is close to 0 hope for a last-minute deal with Greece that might prevent the desaster from unfolding. The Grexit it is more than just likely. And it most definitely gonna get ugly. Make no mistake about it.
Technically, it looks like this. The EURUSD pair keeps on dropping to approx. 1.06786-1.07186 while we approach the deadline on June 30th. Shortly after it is written history that all last-minute talks and negotiations failed, the EURO will drop like a stone to 0.99 and stay around parity for the time being...
Bulls better run and look for shelter!
