Money Man has been keeping an eye on this pair and how it relates to the Euro (analysis attached below). The potential here is undeniable. It is relentlessly pushing to get back to the local highs, wanting to go and test it to see if there are buyers willing to step in – not like last time. The Green Target 1 is a confluence of Fibonacci and trend lines and Green Target 2 and 3 (could be seen as one block) are whispers from times long gone by.
Conclusion: This looks even bigger than what could be reasonably expected. If the chart is telling us when news will come out, instead of news telling us what the chart will chow – then I would love to know the news that would justify this. Very important to me: Please like if you appreciate the effort, Please comment, adding your voice or developing this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: This looks even bigger than what could be reasonably expected. If the chart is telling us when news will come out, instead of news telling us what the chart will chow – then I would love to know the news that would justify this. Very important to me: Please like if you appreciate the effort, Please comment, adding your voice or developing this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Comment:
Euro contribution
