It smells so bad…

Hi friends,

I decided to share an opinion I have (and it’s not only me..) about the Eurozone

You remember that bit more than one month when Euro was around 1.35 I told you we are going all the way down. Right now, you see how correct it was. I will be the first to say, Euro is creating a bottom. I don’t say it will be now, it might be 1.27 or even 1.26 or 1.25 for EURUSD, but be ready, as everyone thinks now that EURUSD is going all the way to 1.1 or even 1.000 directly.

Tomorrow, Cyprus banks will open the doors. They are expected to use big security force to protect the expected mess with the crowd. I think it smells to bad and we are not even close to see the full picture yet with the real problem it will cause…

I won’t be surprised if Euro pairs will gain strong bearish wave starting tomorrow. I might be wrong, it’s just a feeling, but it’s strong… And as I think the wave will come, I think it will be the last, and right after that expect huge retrace up again.

I will update right after I see something happening in the market 🙂

Yours,

Vladimir Ribakov
http://www.vladimirforexsignals.com/