In the short term, the ECB is still holding against the capital flight from Irish government bonds, but it is powerless against the capital flight out of the euro.
The ECB's new bazooka won't help, Mrs Lagarde.
As you can see in the chart, the fish is eaten, and the trader world can see that too if 1,77 falling.
Best regards from Hannover (Lower...
It seems like the price is trading on sentiment right now.
The Positives :
There is talk that the curve has been suppressed.
The worst in Spain and Italy seem to be over.
Austria is looking to relax the lockdown.
The Fog :
However, we miss fundamental news. That, if you know more about please let me know.
How soon will the airline be allowed to...
Entry: 110.90 - bottom of potential W double bottom reversal pattern 1stleg retraced at this region.
SL: 20-25 pips from entry.
TP: 111.9 - tp @ 50 ema on hourly chart, could potentially hold for longer.
Some strong buy signals developing on the currently daily and 4 hour charts.
RSI is showing a healthy bounce with volume following a good defence by the bulls at the historic support level provided by the bottom at EUR6.24 in November 2017.
From a purely technical perspective I have decided this is strong enough to open a small long, with my target at the top of...
