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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Bigger picture suggests that it will be heading below 1.1875... but 1.1638 is the most important support... break of 1.1638 would likely mean breakdown to 1.10/1.11 level initially then toward parity..
the only question is... how much bounce do we get b4 the breakdown...
gl/gt
and then decide further...
"Fathom the hypocrisy of a government that requires every citizen to prove they are insured...
but not everyone must prove they are a citizen."
Add to this that, many of those who refuse or are unable to prove they are citizens, will receive
free insurance paid for by those who are.
that be us here....gold medal in stupid!!
in any case it would penetrate above 2743... 2900/50 could be the initial target with 3300/3350 as possibility...
as long as no weekly close above 2600 level.... see it moving lower in coming weeks to challenge 1.2000 final support level...
If Weidmann yields to bond buying by ESM with bank license EURUSD mucho higher. Wait and see.
It is a perfect opportunity for big shorts then. But not in August.