How low can the EURO go?

Hello Everyone,

Just got back from my vacation in Northern Europe. and had a great opportunity to visit, Norway, Sweden, Finland, Russia, Estonia, Denmark and Poland. 

It was really fun to not only get away from my usual place of resisdence but to get away from the markets as well.  It really helps you to refocus and recharge the batteries. 

Anyway, unless you were visiting the moon you couldn't help hearing about the sinking Euro and all the woes in Europe.  As a result I received quite a few emails from traders asking me how low the Euro can go.  While I don't have a crystal ball and can't know the final market bottom, I can tell you that traders constantly underestimate how low things can go.

With that in mind be very careful with any long positions in the Euro based pairs and only look to scalp against the down trend.

 Until next week, peace and prosperity,

Jeff Wilde

---

"Forget Forex Robots that promise instant wealth and fail to deliver again and again… Here's a no-nonsense strategy that doesn't take years to master and that actually works as promised!"

If you don't already own this one, then I would highly reccommend that you check it out as I have had many unsolicited thank you letters for mentioning this program. It is a must have in every traders "Bag Of Tricks", Anyway… To read more click here…

---

Key Market Reversal Levels for June 7 - May 11
	GBP/USD	EUR/USD	USD/JPY	GBP/JPY	EUR/JPY
Turning Point Down #3	1.5045	1.2848	95.00	141.66	122.12
Turning Point Down #2	1.4794	1.2555	94.00	138.46	117.38
Turning Point Down #1	1.4605	1.2257	92.88	135.00	112.86
Turning Point Up #1	1.4393	1.1750	91.36	130.81	108.76
Turning Point Up #2	1.4242	1.1500	90.50	127.75	105.00
Turning Point Up #3	1.4000	1.1250	89.25	125.00	102.55
Intermediate Trend Direction	Down	Down	Up	Down	Up
Major Trend Direction	Down	Down	Down	Down	Down
***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: