Comments on the chart
Comment:
We certainly got a reaction at this price area as Draghi said accommodation and suppressed interest rates will continue till inflation is evident. This is opposite to US pre-planned order of raising rates. So the euro fell today against the US dollar. The question now is will this fall continue? I believe so. The stops are definite and 'smallish' hence tradable with good money management
Comment:
Price is still hugging the top of the structure. The candles formed after the huge gap up all have the upper wicks which are basic indecision signs. Still looking lower - until the top boundary is taken out
Comment:
idea is still in play. DXY gained some ground today