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$1.32 Euro Under Construction
The deteriorating momentum of sovereign concerns in the Eurozone & further dissenting rhetoric from FOMC to weigh further on EUR & other risk currencies.
NOW WATCH THE DOLLAR ROCKET!
$1.30/euro by before mid march.
$1.52/ by before mid march
I just read a WEATHERMAN Report on euro issued by none other than the aussie-manipulating Westpac. The Weatherman Analysts tells us at 3:45 pm that Euro looks to be "breaking", should hold 1.3560 for the day, but looks "vulnerable" to lower prices and will break in coming days.
AMAZING. This same WEATHERMAN was pounding the table yesterday on euro, claming concerns over Greece were overblown, and Euro would rise to test 1.4000.
Folks, THIS example si the definition of a WEATHERMAN Analyst, and Westpac leads the bunch. Alwats telling me now what happened in the past 24-hours, then telling me the trend will conmtinue.
Duh, We're not idiots, we can tell which way the wind is blowing!
From Twitter
The rumor is Italy was engaged in the same credit derivatives as Greece, destroying Euro...
Gotta say you are amazing when it comes defining targets and levels (and everthing else for that matter). Top call on the Eur/Usd-