I was expecting a bounce-back, but had reserved a bit more room in the down side. Now with the announcement of European Central Bank's Draghi, the momentum has been given. The larger trend undoubtedly has started in the bull direction. Personally I will wait for a good retrace once the initial exitement dries out and I will jump into Euro
with some portion of my portfolio. The other star of the day was the Oil
. (Please refer to my analysis on my Oil
Moral of the day:
Decrease your USD and start allocating into EURO
Chart analysis will follow.