I wonder what could be the reason for Eur sell-off.
srikanthrajj
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@srikanthrajj, found this, The world markets fell today as investors feared that the financial crisis in Turkey would affect the developed markets. The Turkish economy has faced a major challenge in the past few months with inflation expected to move above 15%
LevRidge
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@srikanthrajj, hey, yea... I don't really believe in news or fundementals for that matter on why price moves.. I believe it's all geometry embedded in the markets and news follows it, without even knowing.
Deep-Peat-Shark
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Hi, I believe opposite is going to happen. One week ago on Tuesday a massive USD purchasing operation pushed EUR with its back to the wall and it didn't want to go below 1.15. Since then it has gained more strength against the USD and it looks more and more that UJ is going to fall as I predicted and therefor EU is going to rise.
LevRidge
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@ArnaudKleinveld, doubt it :) but we'll see
LevRidge
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@ArnaudKleinveld, yea... no..
ElWaver
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Agreed. And Amen to that!
joao665
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Thanks for your insight. Was looking for top at 1.2540's. Did not noticed previous rising trendline.