Hi all,
A verry good day for EUR Bulls
(bit of a Captain Obvious here.. but what can i do...)
The market responded quite bullish to the fact that ECB is not concerned by the FX rate as long as inflation remains in timid territories. (among other things; an optimist speech in general)
After a day like this, with pips flying all over the place, i expect a quiet(ish) Friday, with more of a consolidation tone in the air.
For EURGBP i don't expect a retracement bellow .89.
For EURUSD i wouldn't look below 1.1580.
More info in the graphs bellow:
Disclaimer: this is not an advice to trade. It is just my own opinion. Please do your own research before you enter into any trade.
Have a great day!
A verry good day for EUR Bulls
(bit of a Captain Obvious here.. but what can i do...)The market responded quite bullish to the fact that ECB is not concerned by the FX rate as long as inflation remains in timid territories. (among other things; an optimist speech in general)
After a day like this, with pips flying all over the place, i expect a quiet(ish) Friday, with more of a consolidation tone in the air.
For EURGBP i don't expect a retracement bellow .89.
For EURUSD i wouldn't look below 1.1580.
More info in the graphs bellow:
Disclaimer: this is not an advice to trade. It is just my own opinion. Please do your own research before you enter into any trade.
Have a great day!
