Read my previous analysis clicking on related idea (found below this box).
Imo if EurUsd don't keep the price above the green circle, we could se another fall.
If month by month Eur become more weak, we could experience 1,0750, then 1,0700, untile we will se 1,0600...useless to say that below 1,0600 Eur start to lose value for foreign investors, this will be possible because BCE don't accept to follow Fed and raise interest rate.
In not an expert on bank policy, but if Eur continue to lose value, maybe BCE not doing well their job.
Surely FED is not a genius bank, but BCE looks worse.
I'm calling out about trading this pair, it was nice as long as it was easy to understand something.
Let me know if you see something usefull to trade in this range :-)
Imo if EurUsd don't keep the price above the green circle, we could se another fall.
If month by month Eur become more weak, we could experience 1,0750, then 1,0700, untile we will se 1,0600...useless to say that below 1,0600 Eur start to lose value for foreign investors, this will be possible because BCE don't accept to follow Fed and raise interest rate.
In not an expert on bank policy, but if Eur continue to lose value, maybe BCE not doing well their job.
Surely FED is not a genius bank, but BCE looks worse.
I'm calling out about trading this pair, it was nice as long as it was easy to understand something.
Let me know if you see something usefull to trade in this range :-)
