Tuesday, September 13, 2011

EUR: Haven't seen the low yet. Target 1.34 and perhaps even 1.30



yesterday saw an intraday low in EUR VS USD at 1.35. The rebound was quick off here. It has been flirting between 1.35 and 1.37 since then. It has been boosted by news of China potentially investing in Italian bonds and so on. However, I don't think the low is seen yet. I am targetting 1.34 from here and if things don't improve, don't rule out a 1.30 potentially.

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