EURUSD - Are you read for the number of the beast?
I don't know if it is going to be the end of the world when EURUSD reaches $1.50 but here is an interesting fact for those of you who like to have some fun with numerology:
1 / 1.50 = 0.666...
Which means when EURUSD = 1.50
1 USD = 0.666 EUR
I've already packed food and water for 1 year and have a room that can survive radiation
Are you ready?
The 666 number often acts as a pivot in the markets. Gold pivoted around 666 but when it cleared it there was a big up move. The same thing happens with Dow futures and currencies whenever you see the 666 number broken. I see EUR/USD is currently at 1.4666. If it fails to hold above it expect a big sell off next week.
It will be hard to go through and I agree if stays below 1.4666 for more than a day it will go south some major pips (100+).
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