I am sure so. I distinctly remember more than a few banks telling us so…and maybe it will.
But it doesn’t look so good as we look at it today !
Here’s a weekly chart – earlier we bounced of an approach to test 1.2650, the lowest since late january when it was in it’s ascendancy…(am I sounding like an astrologer ?)
We haven’t broken the uptrend yet: 1.2590 is about the .382 retracement from last august’s lows to recent highs and 1.2400 approx is the 0.50%, and that would just ruin all my dreams !
See you tomorrow
