Though the Euro went through some twists and turns, it returned back to source as I described in my earlier blog entry. What next for the Euro? I believe we go much higher -1.2900+. The DXY is the key. Look for my next post that goes into more detail. In addition, please join my Asia AM Forex Morning Meeting Sunday's at 6:00 PM ET Click here to register http://bit.ly/Nov2ForexMeeting
#Gold XAUUSD (1230.17) Rebound possible to 1235 over next few hours
Euro counter-trend rally hit and exceeded bullish target. Now pair is encountering significant supply as central bankers battle to depreciate their currencies in a game of the "Biggest Currency Loser". In this case, the currency that loses the most value will stimulate exports and increase growth for that country. It's a race to zero and I believe the Euro will make a run down until the Fed has another reason to down play the dollar. Thanks for reading. Make sure you sign up for my distribution list: http://bit.ly/Jointhefxclub
EURUSD rallied to a high near 1.2674 before pulling back sharply. Look for retest of the 1.2525-1.2500 area
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