A sideways Current Trend with a slightly bearish undertone points out that we are heading to a bearish probability on the EUR. That fact that price could not breach the 1.4968 high and continuously found resistance in that area emphasizes the significance of the Current Trend resistance line.
With the ECB releasing their rate decision later today we might see a steep decline if Trichet continues his hawkish tone - or even cut...
No comments:
Post a Comment