Now notice how we are at a decisive moment. EURUSD has bounced off the 1.22 level since 2008 three times already and this is the 4th try. I don't think we are going to break it considering there is no supply starting to show (monthly oscillator is oversold and has no steam left to break the triple bottom. This month's candle should be rocky, next month's candle I might be thinking it is time to go long.
Now that I look at it mark my words that around the time crude oil stabilizes and rises the EURO will look mighty again. I am expecting this to happen come January/February.
Now that I look at it mark my words that around the time crude oil stabilizes and rises the EURO will look mighty again. I am expecting this to happen come January/February.