0.88 is the next meaningful target
I continue to be maybe the only person in the world who forecasts EURUSD at 0.88 in the next leg down.
The reason I think it will drop so low is because GBPUSD targets 1.10 and EURGBP targets 0.72..0.76 and I think both will go down in synchrony. Consider also that EURJPY is supposed to go below 90 as it continues to leave a 10-year long triangle.
I do understand that seeing EUR as a mere product of GBP and EURGBP is outrageously ridiculous, but that's how I view the markets.
The reason I think it will drop so low is because GBPUSD targets 1.10 and EURGBP targets 0.72..0.76 and I think both will go down in synchrony. Consider also that EURJPY is supposed to go below 90 as it continues to leave a 10-year long triangle.
I do understand that seeing EUR as a mere product of GBP and EURGBP is outrageously ridiculous, but that's how I view the markets.
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