October 3, 2010
How high will the Euro go?
Hello Everyone,
I've recieved a lot of emails asking me if I think currencies like the Euro and Aussie Dollar can be shorted. My opinion is that when something is trending strong then don't try to pick a top. It seldom has a happy ending.
Its better to be patient and wait for a pattern that shows topping action or a lack of upward momentum. Once it starts breaking down then I would wait for a pull back to go short.
Anyway… Please jump down below to find the newest reversal levels.
Until next week, peace and prosperity,
Jeff Wilde
The Black Dog System will help put the odds in your favor. It has generated 72% winners over the past 2 1/2 years. To read more click here…
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Key Market |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6451 | 1.4500 | 86.38 | 140.00 | 119.92 |
| Turning Point Down #2 | 1.6217 | 1.4250 | 85.36 | 136.58 | 117.50 |
| Turning Point Down #1 | 1.6000 | 1.4000 | 84.34 | 133.87 | 115.46 |
| Turning Point Up #1 | 1.5611 | 1.3476 | 82.90 | 130.46 | 112.50 |
| Turning Point Up #2 | 1.5345 | 1.3250 | 81.80 | 127.81 | 110.00 |
| Turning Point Up #3 | 1.5000 | 1.2928 | 80.00 | 125.00 | 107.40 |
| Intermediate Trend Direction |
Up | Up | Up | Up | Up |
| Major Trend Direction | Up | Down | Down | Down | Down |
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***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click this link: Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE: |
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Filed under Blog, Forex Newsletter by Jeffrey Wilde
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Comments on How high will the Euro go? »
Thank you, Nikos . . . for clear, helpful info . . .
Thank you, Jeff, for all your horizontal line info - most of the time, much more important than squiggly line info!