EUR/USD
might still be climbing slowly but currently the market is not at all volatile,
because everyone are waiting for USD Fed to release the Minutes from the FOMC meeting –
they should do so later today and then it will probably become obvious whether
EUR/USD will break above the resistance at 1.2700 or it will start falling
again, heading for 1.2500 (or even lower) again. At this point there is no
signal for movement in either direction and I feel quite torn between my
suspicions that we will see another drop and my expectation for a correction.
Very Good analysis, EUR ir recovering.
ReplyDeleteLooks like an inverted head and shoulders pattern, but it has not been confirmed yet.
ReplyDeleteThank you for this post. Very Helpful.
ReplyDeleteWe have to wait and see.
ReplyDelete