This is my first blog for quite a long time. Let us have a look at EUR/USD. You can see the long EUR bullmarket since 2001from the lows at 0.8383 up to the previous highs at 1.6000. After a break of the uptrend we saw a typical pullback and right now we trade at the 38.2% retracement level. I am long at the EUR/USD pair right now. My expected target is 1.3300 about 700 Pips away.
If GM defaults in the next few days I hope we see a further gains up to 1.3600 or so.
Happy Pip-Hunting!
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