Both FOMC statement and Yellen speech was encouraging in my opinion, but the market seems not satisfied with these. Technicals are turning a bit bullish (maybe the payback for bad US CPI_figures). 1.1850 will be critical today. A reaction from this level may drag the price back again to 1.17s, or further buying interest might lift the price back to November highs at 1.19s.
do you consider correlation when publishing this analysis?
mehdisdt
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corrections , corrections , corrections ..
they can change face in just a matter of time and make the market harder to detect WTH IS GOING ON
i expect euro today or tomorrow hit the 1.19 level then rush back down to 1.13 levels to end bigger move .
or may be i m totally wrong ...!!