Source: VantagePoint Intermarket Analysis Software

  • The market moved down about 843 pips
  • 843 pips = $8,430 per Lot (About 11 Trading Days)
  • When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
  • For many, the dollar still holds the “world’s currency” title, and risk-averse traders invest in the dollar in troubling times.
  • Traders remain concerned about the European economy after the European Commission said the euro-zone economy will likely shrink 1.9% this year.

About VantagePoint Intermarket Analysis Software:

-Forecasts are nearly 80%* accurate

-Uses leading indicators to anticipate market direction

-Thousands of customers in over 90 countries worldwide

-VantagePoint is offered by Market Technologies, an Inc. 500 company founded in 1979

To see more FREE recent market predictions for the Euro/U.S. Dollar go here!