markets are still trying to figure out where the next eu move should go,
according to wave theory a continuation with the strong jauary impulse would be expetable, that would fundamentally fit to a eurozone that is getting under pressure increasingly.
On the other hand it is likely to see a further extention of the equity rallye we are in since late march, that usually pressures the usd and so pushes eu. This would be the first time we could see this correlation out of work.
However, if we stick to used correlations a continuation to the upside would be the awaited path with rising equities.
Next Week will give us clarity and some clear trading signals on that.
according to wave theory a continuation with the strong jauary impulse would be expetable, that would fundamentally fit to a eurozone that is getting under pressure increasingly.
On the other hand it is likely to see a further extention of the equity rallye we are in since late march, that usually pressures the usd and so pushes eu. This would be the first time we could see this correlation out of work.
However, if we stick to used correlations a continuation to the upside would be the awaited path with rising equities.
Next Week will give us clarity and some clear trading signals on that.
Beginning of next week will deliver us a decision.