Euro headed back down to 1.2329
Hello,
My first post here, I have followed ash for quite awhile, but now I think I wil try to help some noobies, as I am not perfect, but have been trading for 3 years now and over the past year, have been pretty successful.
Anyway, without further wasting anyones time, the euro will head back down toward the 1.2329 area that it hit arournd October last year, the 61.8% fib retrace was hit and then came back down and now continues, I think with my bit of experience we will see 1.2329 shortly maybe this week if not, early next week to complete a full retrace, only thing that could stop this continued fall would be a turnaround of world events, as everything is looking terrible in the world right now, yet the dollar continues to have strength, not real strength, but the only place people are throwing their money, due to perceived safety built from years of safety in the past, I think this will be true for a while maybe 6months more, as we see eur/usd eventually make its way to 1.15 maybe 1.10 and then parity. Just my opinion, no buy, sell, or hold recommendations. I tried to attach an image but cant figure out how, but just take a peek at day or week chart and draw a fib from 1.6035 down to 1.2329 and it is pretty clear as to what I see.
hlass
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