Well... it was quite a ride yesterday in EURUSD during the ECB. We went higher, took out the 1.3966 high, failed to take 1.4000 (by 3pips) and then headed lower. Time to switch bias? Oh no! Way too early to do that. We went back into the triangle and right now we are testing a major support level. If we break that one, then further upside should be put on hold but until then, the trend is up and very much intact.
Furthermore - if you paid attention to what Mr. Drahgi said, then you know that the euro appreciation is due to money flows, which means that real capital is flowing into EZ. If you think that after Mr. Draghi's comments that is going to end, then I suggest you think again.
Furthermore - if you paid attention to what Mr. Drahgi said, then you know that the euro appreciation is due to money flows, which means that real capital is flowing into EZ. If you think that after Mr. Draghi's comments that is going to end, then I suggest you think again.
