The daily chart of the EurUsd is clearly in a symmetric triangle.
As the stock market is trying to correct in the insane money printing the FED will not have too much chance after the last FOMC meeting's comments - They will reduce their asset purchases quicker than anticipated- than weaken the dollar.
Today at the trendline they have a very good chance to bounce the euro with the technical traders.
I think we are going to tag and maybe break the upper trendline in the symmetric triangle in the following weeks.
Let's use this opportunity and make some money in the rally to 1.22
As the stock market is trying to correct in the insane money printing the FED will not have too much chance after the last FOMC meeting's comments - They will reduce their asset purchases quicker than anticipated- than weaken the dollar.
Today at the trendline they have a very good chance to bounce the euro with the technical traders.
I think we are going to tag and maybe break the upper trendline in the symmetric triangle in the following weeks.
Let's use this opportunity and make some money in the rally to 1.22