piptank
Short

Acceleration in Euro devaluation #EUR #USD #ECB #forex

FX:EURUSD   Euro / U.S. Dollar
This Chart show us the acceleration in devaluation of the EUR USD. Since May 2014 Euro             lost over 20 % in value compared to US dollar             . The ECB do everything that is possible to provide more liquidity and pump up the market. Same Thing did FED and BOJ in US and Japan and in the end its not worked.
Last week the ECB started their Assets Purchase Programm and the acceleration started, too.
This week is a FOMC week I assume that we see a bit of correction. Euro             can get to the 1.06-1.07 level. At the same level i see a Support/Resistance line. Here I placed my short.
TP1 1.04
TP2 1.02
TP3 1.00
SL 1.075
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