This Friday both EUR and GBP have reached their cyclical tops, and starting next week a sharp decline in both will begin. On top of that, EURGBP (and other xEUR crosses) will resume the downtrend, all driven by the crash in Treasuries and spiking demand for the Dollar.
As a result, the Euro will be falling faster than any other major currency. It is my assumption that in the eye of the storm all moves will be synchronized. I believe the selling pressure in the Euro will be dragging down all other currencies, not the other way around. I am also extremely confident about the next targets for EURGBP and for the Pound. By the time we reach 0.7450 in EURGBP, the Pound might be around 1.14 (EURCAD ~1.30, USDCAD ~1.55).
If my assumption is correct, we are easily looking at EURUSD landing at 0.86 or below.
You might say this is some twisted logic and I abuse causality really badly, and 999999 times out of a million you would be correct. But.. in the pages of history, every once in a while, fate reaches out and extends its hand :)
As a result, the Euro will be falling faster than any other major currency. It is my assumption that in the eye of the storm all moves will be synchronized. I believe the selling pressure in the Euro will be dragging down all other currencies, not the other way around. I am also extremely confident about the next targets for EURGBP and for the Pound. By the time we reach 0.7450 in EURGBP, the Pound might be around 1.14 (EURCAD ~1.30, USDCAD ~1.55).
If my assumption is correct, we are easily looking at EURUSD landing at 0.86 or below.
You might say this is some twisted logic and I abuse causality really badly, and 999999 times out of a million you would be correct. But.. in the pages of history, every once in a while, fate reaches out and extends its hand :)
