Tradeable Correction in the EUR/USD

Discussion in 'Forex - Currencies Forums' started by SamClemensMT, Jan 14, 2015.

  1. SamClemensMT

    SamClemensMT Well-Known Member

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    At this rate the euro should be worth about a penny by the end of the year. That's absurd thinking. A little observation reveals this to be an opportunity to get in at what is likely the lowest price you'll see all year.


    • quantitative easing coming to Euro Zone
    • euro now trading at a 9 year low
    • ECB stimulus already priced into the market
    • smart money is not shorting the euro any further

    The selling is over done. The euro appears to have hit the bottom of what has been a solid down trend. Let the correction begin.
     

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