According to Price action blended with fundamentals and chart pattern, the Euro still has a further leg down. The 61.8 retracement comes at 1.11800 (DEC1 2016 LOWS TO 2018 HIGH) and the level found immediate resistance at 1.1450 (50%) fib of the same zone.
Furthermore, Eurozone si beginning to collapse. Now no amount of capital infusion could save it. 1.1050-1.11 is an important yearly level.. a break of it could get us to 1.07-08 and ultimately to 1.03 if more fundies start to deteriorate.
Furthermore, Eurozone si beginning to collapse. Now no amount of capital infusion could save it. 1.1050-1.11 is an important yearly level.. a break of it could get us to 1.07-08 and ultimately to 1.03 if more fundies start to deteriorate.
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Stay Short
RyanVarghese
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