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Hello everyone.
After the Draghi speech and unusual announcement for additional Bond buying I think the bearish trend will not start. At least for now. Here are the reasons:
According to Daily chart there is obvious channel up and it could be broken only under 1.08 ( and even there it can make still 100 pips or a little bit more before returning to channel) The Next reason is another fundamental truth that fed are not sure in the rate hike.
We can also see the weekly chart:
I think that the pict…
After the Draghi speech and unusual announcement for additional Bond buying I think the bearish trend will not start. At least for now. Here are the reasons:
According to Daily chart there is obvious channel up and it could be broken only under 1.08 ( and even there it can make still 100 pips or a little bit more before returning to channel) The Next reason is another fundamental truth that fed are not sure in the rate hike.
We can also see the weekly chart:
I think that the pict…