Saturday, February 5, 2011


The Eurusd is well on its way into a correction with possible risk down to 1.30450.
If the Eurusd falls below the blue bands and fails to make it above the bands again
then its game over for the Euro. Either way we will know on the next Daily upside
crossover if it will make it above the bands after this decline. The Euro is in a  Multi
year Bear Market which is reflecting the current and future Economic future of the
European Union. The ultimate Bear Market bottom I estimate at 81.00000 which is
a long long way down.

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