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!