A word of caution based on EUR/USD Daily chart;
With recent data giving bad news on recession recovery the word (as predicted in previous posting) will be a huge move. My view is that this pair is going to go down in next 12-20 days. First it will hit 1.3600, a small rebound in Oct'09 and then by Jan'10-Feb'10 all the way down to 1.2800's.
I'll post my updates as days pass
Wednesday, 2 September 2009
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