I don't use the Fibo's, I am basing my opinion on some other factors and some personal forecasting I do. I am basing this new opinion on the EUR/USD by looking at the high, low, open, and close numbers every half hour on the hour for the past 12 months. I am starting to see a pattern here that I've seen before.
As much as I would love to see the EUR/USD rocket to 1.40, I am no longer of the opinion we'll see it at this point and time. Again, I could be 100% dead wrong, but personally, I am seeing a pullback on the EUR, turning bullish for the dollar.
Time will tell... it always does...
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