Ashraf Laidi on CNBC as Euro Hits New 2012 Lows - May 24, 2012

May 24, 2012 7:15
Ashraf confirms that the EURUSD downcyles he warned about back in November are on their way in completion as the pair targets the initial target of $1.20. And with China's PMI deepening into contraction level, the trade argument for falling Eurozone growth becomes all too hard to ignore. Here are those cycle charts we first showed in November (see weekly EURUSD chart)

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