EURO/USD--- will it breach 1.4500 near term ??

The news on currency wars has picked up lately as the Federal Reservehas promised to LOAD DOWN  more dollars on the American economy (confirmed by subsequent statements from Fed members). meaning the much anticipated Stimulus plan is on schedule. The Downward Pressure on the devaluation of Dollars are ever increasing.


And Goldman Sachs has downsized the EURO/USD to 1.5000 near term, due to the extreme weakness of Dollars.


Further to the ECB maintaining the interest at 1.00% unchanged, now Euros seems to be the only HERO  (As BOJ has further reduced her Interest near 0.00%).


So,  I expect the EURO/USD to breach R3 (1.41106) on WEEKLY Chart near term , and then looking at 1.4370, (being the 23.6% Fibo),  follows by 1.5139 (0.00% Fibo)






Weekly Chart on EURO/USD