CNBC Analyst - Could retrace to 1.31 before heading back down - possibly to €1

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Huge W Formation too on the 4Hr... Hoping this might make 1.28 by next week

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Stop @ BE now Sky so worth a punt

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I see a nice W forming on 1Hr

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Long @ 1.2313

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Things very quiet around here without sky

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Read somewhere that US probably has world's biggest oil fields but not allowed to drill ?

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Take care Sky. Have to call it a night here too in Leprauchan land

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I'm a bit thick with all this currency malarky

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Thanks G for explaining. So as Europe has less if any commodities than Australia, New Zeleand or Canada, the Euro should in fact be worth less than than these 3 currencies etc.

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I read the following in another investor forum today regarding Australia "The mother of all credit crunches is on the way...And Australia is going to go through a rough patch....Take a look at the Australian banks, as they have massive exposures to ...

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Would the studying of commodity pairs over other pairs be advised?

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Have read it all G believe me. trying to understand it all is another thing

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the proof is in the aud..decline.. - Can you explain this a bit more G

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Friggin Ass Charts

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I'd have to agree with Pippy. They are not too worried about the Euro going down. It is the speed of the drop

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Nice call from 2590 too G

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Another classic insight Get the finger out

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US may have pushed for intervention to steady markets imo

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Thanks for insight G.. I think i understand now... We need a low Euro to "try" and get us out of this mess but on the other hand if inflation goes over 2% and they have to raise rates, this will create mayhem ?

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