We are on a crossroad, although, indicators shows that the move in on the downside against Euro.
If 1.3660 is broken, i.e we can consider this chart as a double bottom formation, therefore neckline is clear and to move would be toward 1.3560.
It would also mean that the market starts to feel the first effect of tappering as well as the statement of Draghi as a commitment to intervene above 1.4+++++?
We will wait and see.
If 1.3660 is broken, i.e we can consider this chart as a double bottom formation, therefore neckline is clear and to move would be toward 1.3560.
It would also mean that the market starts to feel the first effect of tappering as well as the statement of Draghi as a commitment to intervene above 1.4+++++?
We will wait and see.
