Friday, 28 November 2008

EUR/USD - higher medium-term

EUR/USD is correcting lower, and may fall to about 1.2680. This is likely to coincide with weaker stock markets and a rally in US market volatility (VIX).


Generally, EUR/USD analysis similar to that of USD/CHF, in a previous post. Even if EUR/USD falls to new lows, which I think is highly unlikely - it is still worth accumulating.

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