EURUSD, i could get as low as 1.03xxx

24 janv. 2015

Alright, now that the dust has settled, lets update my review on EURUSD
About a month ago, i posted this monthly chart when price is about to break the important support of the little blue circle line.
I hypothesized two different path way of how the price will move.

1. A non-QE induced path will see price bounce of the support but ultimately get squeeze into a triangle and continue the downtrend channel (this path only slows down the falling :-)

2. Or QE induced path where finally Mr. Dragon is left with no choice but to click the "PRINT" button.

And price just took the easier way.. Bravo Draghi.

Now, based on the current red channel, EURUSD could ultimately goes to 1.03 before making a come back!!!

4 mai 2016

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