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@Prome, yes you're right, Draghi also mentioned the high volatility, maybe a sign of trend change ? Only over 1.2 the trend changes IMO, but the sign are there already now (look W1, D1 and month)
Lovely chart, SignalSuisse! Anyway don't you consider one more step down and a reversal confirmation here? I personally would wait for ~1.1020 and then go long for something around 1.15 and probably even more. Not sure if 1.1480 will stand for long. Too many things are pointing on USD weakening era and I hope I read them in a proper way :P
I have found this, it´s in German, sorry for the inconvenience ;-) but we can translate ... I'm not sure I understood everything... maybe someone can translate the implications of that in a simple way? á la Axis points Vola= illiquid markets = Summertime +/- EU fight against deflation .. for example ? http://www.boerse-social.com/2015/06/05/draghi_und_die_volatilitat_marktkommentar_von_kai_johannsen