this weeks eurusd analysis, page-81

...when america's trading partners finally wake up to what's happening(specially china) it will be too late

they are awake, that's why this level is important.

the US fed doesn't control the USD, China and oil demand does. when China sells USD, it falls. Couple this with petrodollar impacts and there is nothing the US can do about a rising or falling anything.

it is and always has been up to traders.

if there is growth in the US, it will recover from here, otherwise there is nothing fundamental holding it up. if the US goes into deflation lessening US oil demand USD demand falls rapidly.

lowest risk trades are always buy support, sell resistance.

hence we are about to find something out about all the conjecture floating around.

many things point to down, chart says to consider support. Traders leave prices behind as footprints.

No panic involved, just caution.