Watching the chart I can spot a nice H&Sh pattern forming and I thought to share this idea.
This week we will have some very big events especially the ECB rate on thursday 8, and until then I am shorting eurusd down.
When Super Mario will release the rates I will be out of the market and close all trades.
Let me ...
On a daily chart as we can clearly see the price is oscillating in a Sine Waves between 1.15 and 1.04.
Also a head and shoulder pattern is on its way to break the inclined neck line but not yet.
Now coming to the fundamentals. Today according to a Bloomberg report the oldest Italian Bank Monte dei Paschi di Siena ...