Thursday, December 15, 2011

How Far Can Euro Go Down Versus USD ?

Euro is going down versus USD almost everyday. How far is it going to go down? Can you present a calculated guess ?|||The Euro has reached the March high and the June low at 1.3750 which is near-term support; expecting a bounce from here or the next measured level at 1.3650.





How far can it go? If this is a third-wave decline, then it would hit within the measured channel again at 1.3000 around mid March.

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