Tradeable Correction in the EUR/USD

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

  1. SamClemensMT

    SamClemensMT Well-Known Member

    Oct 2014
    Likes Received:
    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.

Share This Page