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A tough question and I know the answer might be pure speculation but where do you believe the bottom for the EURO might be in the coming months?
Interested in your thoughts on how far this downtrend might continue for the EURO.
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- roberta
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- 1 year ago
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Well no one can give a perfect answer to this question, things changes every minute and you don't know whats going to happen next in the market. For EUR it's very much obvious that trend is bearish and my speculation says its going towards 1.18 level. |
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All depend on the result of the bailing out of the Greece , Portugal in the coming months |
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1.18 quite likely this week. I heard on Bloomberg the FX head at Morgan Stanley mention 1.12 this end year |
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You ask 100 analysit this questions and you will get 101 answers. No one can predict the future in this aspect. Things can change at any moment. If they stay the course my first level would be 1.1720 area followed by 1.1180 area. The latter taking about 3 months to reach that level |
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I think a small dead cat bounce to 1.22-1.25 area then down to parity with the dollar 1 to 1. If it breaks the 1.18 its a near cert only thing that will stop it is hiher interest rates, dont rule that out if it goes below 1.18 |
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I believe that for a long time yet, we should not try to grab a falling knife |
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