Eurusd/gbpusd - page 1848
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Somebody lost patience
Somebody lost patience:)
No patience losing - someone finally added 2+2 and understood what does QE for Euro mean
Majority forecasted that EURUSD will be 1.1 by the end of the year. Boy, were they wrong. Seems that Draghi is in a mess that he will not be able to fix. Implicit inflation will be enormous, import prices for materials needed for production will sky rocket : mr Draghi (and his Shoeble and Dijsselbloem) are currently starting a hyperinflation and they are not even aware of it.
The EUR/USD sank below 1.0800 for the first time in almost 12 years today, this pair seems have very little room to correct higher, bears target at 1.0072, which is very close to the parity.
So this is how it looks when something goes to hell
Useless ro draw trend lines any more. One vertical line is enough now. If hyper inflation comes in (which is more than possible) then we shall see some funny things)
EUR/USD continued sinking today. Next target is likely 1.06, but I am not seeing any obvious strong levels of support on the way to parity. I think it's just a matter of time before the pair reaches 1.0000.
Here goes 1.0700 down
If we were suspicious in the times of high volatility, this is something different
Here goes 1.0700 down If we were suspicious in the times of high volatility, this is something different
This has a sound of fatality and irreversibility
The EUR/USD today completed the downtrend as expected yesterday, where it opened a 1.0835 and rose two points in the first trading period and then resumed his way down to 1.0693, so the next target will be 1.0000 .