several times we hit the bottom line in the channel now its time to go long for 0.800
i think so thats why i long eu and we see maybe some sort of QE tomorrow?
French PM says eur gets to strong. It's bad for growth and job creation. ECB increasing money supply and will lower the interest rate. Some European blue-chips companies complains about the strength of the euro in their first quarter earnings. We maybe see some upside to the 1.40 area. Then a sharp downside to 1.35 area.
i'm shorting cable in the next week. cable is in its highs since 2009. we have also BoE and ECB Interest Rate Decision on Thursday. my tp are tp1 1.674, tp2 1.658
GU strongest since 2009 it show us also a double top scenario. So i to short cable. SL 1.68, TP1 1.66, TP2 1.65
ECB consider to create more inflation (ECB had modeled a €1 trillion QE program) So i think that EU will go north in the next weeks. As of middle of the week i await some good german data that will help eu.
due to ecb report, priceaction and nfp report tommorow i short eu TP 1.37
My idea for today is to short eurbpg due to bad data.
1.348 should hold possible retrace and test of 1.365 area then down to 1.34 -1.33 important news to consider: ECB interest rate decision on thursday US unemployment data on friday