Over 20 years in trading
This level could stop the EUR/USD fall! Trendline October 2008. –> June 2010. –> March 2015. and previous support from March 2003. Is it possible for the pair to go lower, not on my oppinion, but be very careful, this is crazy market! I didn’t recomend EUR/USD long to no one in the last couple of weeks, not until now, but this
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While the US Dollar countinues to strengthen in the market versus all, I made this graph to show you, how US Dollar lose his Purchasing Power during the last 100 years. This graph shows that, if you held a One US Dollar bill for the last 100 years, your ‘buying power’ will be 0.05 cents today. The main reason is inflation, which is
Read moreGreece is in focus again, let’s see how the debt looks like in numbers by its creditors. Greek government debt stands at 323 billion euros, over 175% of the country’s GDP. About 246 billion euros was lent by other countries in the eurozone, the European Central Bank and the International Monetary Fund. But, which country has most exposure? As you can see,
Read moreI wrote in my yesterdays EUR/USD analysis that 1.0550/70 is next target, here we are. Euro is falling like a rock, this looks preaty ugly now. There is no one from the other/long side!? If this level breaks, next target could be strong support monthly trendline at 1.0320/40, but is it time for a coffee break? For this last morning’s
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