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Sir (By Shubesco)
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Sir Discussion
Sep 13, 2016 at 18:32
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1 Replies
Jan 04, 2017 at 07:19
EUR/USD attempting to break lower after the holidays, this might be what the market wants us to believe, or maybe not. Downside pip potential of 450, that is if downside persist. On the monthly chart there is a consolidation between 1,1727 & 1,0485. Price broke to downside on 3 January 2017 after news release of US manufacturing and construction numbers @ 10h00 NY time. Should price move further down the next probable target would be a price level that was formed in June 2002. 0.8249 is the low that was formed in October of 2000. The bearishness should continue if dollar strength increase further.
"the market, to be commanded, must be obeyed" Amos Hostetter
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