and at the same time a short term resistance. But that should it be for the day at the max and at that level a lot of what Yellen can achieve, is already priced in.
And fighting with resistance @162.56 too, even after today's jump and despite Yellen hopes. So it's completely possible, that it ends the week technically damaged.
...and it will, no European sanctions, calm in the Ukraine and Yellen is more dovish than anyone before. So this should be the bottom maybe till the end of the week.
With the fed looming, and the quants doing their work, markets maybe begin to think, that it's not that bad.
So close the short now (1 day later) for a nice profit!
East European money gives Euro undeserved push. Especially Americans overstate the economic situation of Europe (outside Germany). If the Fed continues tapering next week, a dose of reality should set in. The ECB holds it's powder dry for now, but the next step has to be easing. Additionally the Chinese are steering more of their surplus capital towards Europe, to...
