EUR/USD Breaks Lower

Written by on 3 Comments

The EURO broke lower today crashing through critical areas against the other major currencies.

  • supertrader

    hi the pound is not far off 61.8 fib extension on the weekly chart , price target around 1.50

  • Paul

    Hello Nathan

    Good to have you back (that isn’t meant to offend Casey btw!)

    All change our side of the pond then? UK loses its AAA credit rating and sterling rallies strongly (from initial gaps) and the Euro has run out of steam (at last)

    Very exciting to see if the moves on Monday were ‘over done’ nervous news reactions and the longer term underlying trends continue, or if it really is time for a more per-longed correction / trend change, or of course, good old ‘option 3′: its a sign of confusion and were going to spend a week or so in a directionless consolidation channel

    We shall have to wait and see what the next few days reveal, thanks again

  • gerald schade

    what times are you using on your daily analysis