Check out today's EURUSD Forecast: Forex forextrading
I think that the Euro has much further to go to the downside, so I look at bounces like this as time to do a little bit of research, perhaps even take some time off. I believe it’s only a matter of time before we seeRemember, the Europeans are going to be forced to ration energy this winter, and in that scenario an economy does not take off.f we break down through that level, then I think we got a real shot at going much lower, perhaps trying to get down to the 0.93 level.
As long that’s going to be the case, the Federal Reserve has no choice but to continue to tighten going forward, despite the fact that it is probably going to run everybody into a recession.
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