In this article I am going to discuss the following areas of importance with the EURUSD and how you should prepare for these levels.The EURUSD is by far the most popular pair that is traded, it links the two largest economies - UNITED STATES OF AMERICA and EUROPE.Recent Events in Europe down to the growing sovereign debt crisis has led to a leap in Safe havens such as USD pushing EURUSD down.I believe that this trend will continue onwards and as such, in a long term outlook I am BEARISH EURUSD.Fundamentally A weaker EUR increases Exports as there goods and services are cheaper to buy from abroad and this is a good boost to all eurozone economies as they will get increased sales.In the very long term it is possible to believe that if the PIIGS (Portugal, Italy, Ireland, Greece and Spain) were to leave the EURO MONETARY UNION that it would be slicing the weaker nations leaving the "good" ones left and this could result in a large rise.ALL of the areas I will be referring to will have a HIGH R:R for any trader you could gain 5pips for every 1 quite easily with these high probability trades.Technically speaking though It is very OVERSOLD meaning any good news would mean a VERY fast whi…
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