Thursday, September 4, 2014

EURUSD Long Term View: Target achieved.

It was posted on 30, May 2014 here (http://trikaaltrading.blogspot.in/2014_05_01_archive.html ) that "The downside target for current fall is 1.314 within one year.", and EURUSD was 1.363 at that time. 

The currency pair achieved my yearly target in a rather short time of three months. On 28th August, the closing for EURUSD was 1.3132. 

And After ECB's Draghi's rate cut today, EURUSD has now crashed to 1.3044. 

I am closing this call here, and will not be tracking it further.

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