SaxoTV

EURUSD: How low can it go?

453 views
September 22, 2014 curr, currencies, currency, currency cross, currency markets, currency pairs, currency trading, currencywar, current account, ecb, ecb action, ecb balance sheet, ecb inflation target, ecb meeting, ecb policy, ecb rate, ecb rate cut, ecb rate decision, ecb rates, equities, ercb, eur, eurgbp, euro, euro area, euro dollar, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, european, european central bank, european economy, eurozona, eurozone, eurozone crisis, eurozone recovery, eurusd, fed, fomc meeting, forex, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, gfx, saxo tv, tradingfloor.com
EURUSD keeps pushing lower with markets focussed on the Euro and with QE expectation rising as the pressure to go further weighs down on ECB President Mario Draghi.

Tom Light from Faraday Research talks us through his chart and explains how low he thinks the pair can go. Tom notes a long-term wedge pattern and expects a break lower to test new lows around 1.22.