FOREX TRADERS

[ultimatepick]

The US just went through a major election. Conspiracy theorist that I am (Glance too probably) there may have been number manipulations here and there and also there will be in the future. Always remember that there are people in charge of economic reports. People often have agendas.
Remember that the US has just deployed additional troops to Iraq. The government wants the economy to APPEAR to be doing well to soften the blow of what is about to happen to Iran.

Lets not be fooled. In a couple of months the US will do something MAJOR in the middle east.

I have been studying the weekly charts of the EUR/USD and see it going down at least another 500 pips in the near future.
The AUD has topped out also and it correlates with the EUR.
Look at the divergence on the weekly chart of EUR/USD.

The EUR will not drop like a stone but will whipsaw it's way down to 1.2430.

That is how the US wants it and that is how it will get it.

Ultimatepick