EURUSD – proof of concept update

Late July2012 I issued a private internal message to associates to watch for the turn of the $EURUSD with a likely +1000 pip opportunity into 1.31 area. Actual upside target at the time was the 61.8Fib retrace into 1.316 in late September from an imminent low at 1.21.

This custom application of alpha forecasting and beta tracking techniques now leads to the another indication that the top in the $EURUSD is in, and timing is imminent for a cyclic turn into a downtrend continuation. Any further upside into options expiry mid Dec2012 is limited.

Downside target is 1.13 prior to Dec2013, with 1.20 forecast 2013 $EURUSD ave. Provided for information only, do not rely on this as financial advice. Read ths disclaimer.


About atradersrant

Self-employed private trader of equities, commodities and FX for income and investment; Follow me at your own risk! I provide analysis of major market & economic trends .. with too much commentary on fraud and corruption that is rife in the open market.
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