FX:EURUSD   Euro Fx/U.S. Dollar
2082 28 11
Long
updated trend channel

snapshot
+2 Reply
1st, this pair is currently in the midst of downtrend channel anything can happen both way
2nd, the decision makers and their supporting role are the best Oscar winner you can ever imagine, now their are staging a play to confuse trader and investors
3rd. the pressure for Draghi to press "Print" button has been there since last year, how long can he still not doing it to pacify the crowd :-)
+1 Reply
Merkel ally urges ECB not to buy struggling states' bonds. This could be good for EURO.
Source : http://www.reuters.com/article/2015/01/02/us-ecb-bonds-germany-idUSKBN0KB0HE20150102
+2 Reply
Recluse82 Mirandole
market doesn't care about this
+1 Reply
Mirandole PRO Recluse82
Of course it does ! It would stop the Draghi's initiative to lunch QE in EZ.
+1 Reply
Recluse82 Mirandole
http://mobile.reuters.com/article/idUSKBN0K600C20141228?irpc=932

it wasn't also an impact
+1 Reply
Mirandole PRO Recluse82
Yeah ok ! But we can't be so sure that the downtrend will continue. Wait & see Draghi's decision.
+1 Reply
Ice_ Mirandole
I agree, we have to be careful with the downtrend.
Reply
This is an expanding triangle a very rare pattern. This pattern developed before the 1929 DJIA crash. Also teh pattern has a 5 point with succesive lower highs followed by a final failure at 1.3900 at this point we could see the Euro return to parity. Could be a struggle but eventually it may returrn to parity or even 0.81 to correct teh AB=CD pattern. I do intent to get in on a short term long between now and 1.19 area. That's speculating we can never know. Nice idea...
+1 Reply
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