This market is trading by +20 year lows and is very close to retesting the record lows from 1989 down by 1.2500. Short-term medium-term and longer-term studies are all looking stretched and we will look for an opportunity to buy once the 1.2500 level is taken out in anticipation of a major correction and eventual bullish trend reversal.
DailyFX provides
forex news
on the economic reports and political events that influence the currency market.
Learn
currency trading
with a free practice account and charts from FXCM.
