I was reading Christian's blog yesterday when he gave the Euro a target of $1.76. Wow, that would be like Financial Armageddon for the USD! You don't need a neural net to tell you that the trend for the Euro is UP and I'm waiting for a pullback to go long. My short term target is $1.60 and it looks like I'll be able to get long around $1.565 if this retracement keeps going this morning! I do have to run a new monte carlo analysis for my stop placement because volatility has been so crazy of late!
There's a fortune to be made in currencies and you must be mad if you think I'd let it go!
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