Mo6e

Bears taking over

FX:EURUSD   Euro / U.S. Dollar
330 2 2
I believe that the Euro             will fall down further taking in account the ongoing things between Ukraine and Russia which will become an energy crisis for Europe + Mario Draghi's low deposit rates reform will still push the Euro             toward the longterm downtrend from 2010 till now which is -9.20 %. May be later I'll bet on reversal back to the previous support at 1.33348 which will become resistance.
I just don't see enough momentum for this bearish push to be carried. I think it's going to reverse soon and when it does it will reverse fast and far.
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May be, I'm not so good on technical, I'm just waching what's going on between Europe + Ukraine and Russia. I just hope that the winter won't be so cold because europeans (me included) we'll have a serious energy problems. Russia's largest gas clients: Germany 37%; Poland 59%; Austria 60%; Hungary 80%; Bulgaria(my place) 89%; Latvia, Lithuania, Estonia and Finland 100%. Not all of them are in EMS, but their currencies and economies are linked. We will see what will come out of this conflict and specially in this currency pair.
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