We may get the occasional bear market rally, but that will simply be an opportunity to sell at a higher level yet again. EURUSD forextrading forexmarket
The 1.12 level being broken through is a very significant turn of events, and as a result it is likely that we could go looking towards the 1.10 level underneath. All things being equal, if the market does bounce from here, it is very likely that we could see plenty of selling based upon the fact that the 1.1225 level had been significant support previously and should be resistance going forward.The 1.
The 1.10 level underneath will be a big target, and almost certainly cause quite a bit of psychological support if nothing else. I do believe that this market is simply a reflection of the fact that the US dollar has been so strong against everything else and more than likely will continue to be. I do not have a scenario in which I would be willing to buy this pair until something fundamentally important changes.
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