EURUSD crashes through 2005 low at 1.1641 for multi-year top!
As we highlighted here this morning, a break below 1.1641, the 2005 low sets a more significant, long term top for EURUSD.
Bearish pressures now sees risk to significantly lower targets:
- For January risk is to 1.1381 and 1.1210, the latter the 61.8% retrace of the entire 2000-2008 bull rally.
- For Q1, maybe as low as the September 2003 key swing low at 1.0765.
- For 2015, the overshoot threat is to PARITY and just below, .9900, the 78.6% retrace of the entire 2000-2008 bull rally.
To view this morning's full EURUSD report with screencasts, click here
Remember, for a FREE trial of all our FX and other reports sign up by clicking here