cleared 100 and 200 .
With potential ECB action on lowering interest rates(negative),
long term refinancing operations and relative US growth > EU, plus the recent Eurosceptics election outcome.
1.3475 3/2/14 low. ( CRITICAL Support 2012 uptrend
line(red), horizontal confluence - time 27/6 )
1.3294 7/11/13 low.
1.31046 6/9/13 low.
potential 1.275 9/7/13 low.
Stop : 1.3740. (100 should act as resistance.)
I come from Europe and it seems that the economy is strongly moving to some kind of ecology economy. This thing could reduce the power of money here with more attachment to the utility value of thing instead of the monetary value.
So, I just want your advices on this chart :
Regarding the chart, it may produce a bump, but the above action should overpower it. Look at the above sma for resistance. ECB meeting is on 5th of June.