PHILIPS KON, a slow-motion picture but in a very strong phase now, objective 54.
...under the evidence, I seems that this is the breakout.
After investors realized it was late started a rout leaving the assets in high volatility which has been regained by the absence of supply, that lifts the price.
Challenge to multi-year Overhead supply, run by non-commercial traders. According to many colleagues usually, this behavior encourages retailers to take the trade but in reality fails as it is run late. Therefore, I personally think that at some point European banks as a whole are to outperform.
Some are yet punished, Overhead Supply zones take time to pierce, usually, prices stall in the bottom of the OS area, and suddenly open/raise above area, retesting and now becoming support zone. Personally, I don't see further reasons to pray for disaster, but long-term support is around €7.50.
Relative to Mexico.