Disliked{quote} why? In sep bernake has postponed the decision of tapering and EU is gone a 1.35xx and up up 1.38. Now bernake has decided for tapering.Ignored
But ECB bank stress test is also coming and today I saw this:
http://www.zerohedge.com/news/2013-1...tgage-defaults
Expect the Europe bank bad debt problem to fall into market focus, and expect risk off trade to push eurusd down.
If there's a trigger events we could see a sudden drop of eurusd to a level much lower than 1.3, and although 1.2x70 sounds a bit ridiculous, do remember it is only 1600 pips away from here, and last few years we've seen a lot of 2000pips+ swings on monthly chart.