Unlike many people who are shorting EURUSD right now and only see 50-100 pips in both directions, I think there is a big bullish move brewing underneath. First bullish target that I have is 1.12...once broken, 1.15 will be next and then finally 1.20+. Might not be a straight line, obviously...a lot of bumps on the way are expected.
Euro bulls are having trouble to stay above 250 and I don't expect them to break up towards 300 early next week either, even though they could always surprise me. I expect them to reach 500, but I think its safer to wait for a re-test of parity first or for a clean break above 250, so they would actually manage to stay above. So for me the week will start in...
Euro was super bearish all week, but today might have been the bottom, for a little while, at least. Watching the PA during the bottom at 1.0071, I think we will retrace upwards now. My first target is 1.05.
Bitcoin bottoming about to end soon! Mainstream has been scaring people from buying for a few weeks now...and now when even Jim Cramer turned bearish, you know you have to buy!
