EURUSD Dec 19 to Dec 23 Outlook
The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did the 200% absolute range expansion and bounced a little since then. Closed the week below Y-3.
Euro zone is facing its biggest crisis since 2008. News shock was flying everywhere last Friday. Opinions all negative. Thus expecting some kind of sell climax to materialize if the European leaders failed to come up with something to stop the panic.
Sell climax target is current year low, below 1.29.
If any solution or sign of solution shows up, euro can zoom back up to B-0 and even B+1 in no time.