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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.40+0.5%Dec 9 4:00 PM EST
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To: Haim R. Branisteanu who wrote (91434)6/12/2012 1:17:11 PM
From: Hawkmoon  Read Replies (1) of 218334
 
Euro actually needs to be far lower than $1.25.. But if it goes below $1.20, it's game over for the Euro because that's the long term support level for it since it was ushered in at $1.19.

That almost happened in 2010, but intervention against the USD prevented it, IMO, causing the dollar to spike downward sharply..

But I think the pressure to take the Euro under $1.20 is inevitable.

Hawk
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