Will the Euro fall further?
The Euro looks set to fall even further as investor’s attitudes to the Euro deteriorates. I would like to see Euro sellers make an exit plan sooner rather than later to avoid the inherent risk in holding on too long waiting for an improvement that may never come. As the USD strengthens further we see the Euro losing value since much of the recent Euro weakness is due to the USD strength. The USD is a safe haven currency and since EURUSD is the most heavily traded currency pair, for the USD to strengthen funds are coming out of the Euro. All in all further USD strength and further EUR weakness looks like a dead cert to me!
If you need to buy or sell any Euros making some firm plans now seems to me a sensible idea. Even if you think it is going to go one way is it wise to take the risk? For more information and to be kept up to date with the latest developments please contact me Jonny on [email protected]
Source: http://www.eurorateforecast.com/2015/03/06/will-the-euro-fall-further/
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Whistler Blowers, Insiders
My point of which is that the fall has just started and it’s likely to go long way and I have my bet save on this only. I have the trade on since last 6-8 months and all thanks to OctaFX broker I have to pay no commission since I use their epic swap free account and that gives me a lot of comfort and freedom to express myself completely. I will continue with keeping my trade on as it’s in profit and no swap on it.