Euro has been sickish for a while, unable to break through the top downward correction line. However, the trend looks unmistakably upward. I gingerly took a long Euro position last night, just in case that it suddenly shot up and I might be deep in sleep.
Well, it proved a test of endurance for me. I kept envisioning the volatile shake when today's FOMC announcement comes. And I imagined Euro to briefly dip, scaring off the weak hands, then violently shoot up -- I have always been an optimist!
As of this moment, Euro successfully rebounded from the low of 1.1058 - a strong support of some sort. The prognosis is very positive.
Let the storm come. May the strong hand win!
Well, it proved a test of endurance for me. I kept envisioning the volatile shake when today's FOMC announcement comes. And I imagined Euro to briefly dip, scaring off the weak hands, then violently shoot up -- I have always been an optimist!
As of this moment, Euro successfully rebounded from the low of 1.1058 - a strong support of some sort. The prognosis is very positive.
Let the storm come. May the strong hand win!