Shooting star says market do not believe Draghi won't cut rates
Yesterday the battle was lost for the bulls, they got the control in their hands for a while but at the end the bears won.
The problem, even so, remains with the risk reward.
1) the most strong resistance is still quite above the actual high.
2) the very first support is some what near to have a good risk reward ratio
As long as the price do not close above 1.3318 the price will still have a significative chance to push to the down side but, to this reversal (the shooting star) remains in charge, needs that price do not close above the actual highs and even better, nor above 1.32
The problem, even so, remains with the risk reward.
1) the most strong resistance is still quite above the actual high.
2) the very first support is some what near to have a good risk reward ratio
As long as the price do not close above 1.3318 the price will still have a significative chance to push to the down side but, to this reversal (the shooting star) remains in charge, needs that price do not close above the actual highs and even better, nor above 1.32