Implications and Outlook
The European Central Bank and Bank of England were never actually anticipated having way too much impact with their interest rates announcements as Forex markets were pretty much reflecting.
The Euro Dollar gained for the fourth straight day in a row all the while pressing the 1.17 price level. The common currency continued to bounce against the US Dollar, but then that works into the Trade Selector Signal time window quite nicely, posing at Mean Resistance 1.1706.
If bulls manage to keep above this somewhat mild resistance level, the next objective becomes Key Resistance 1.1797 and vital Currency Rally 1.1951 figure.
The European Central Bank and Bank of England were never actually anticipated having way too much impact with their interest rates announcements as Forex markets were pretty much reflecting.
The Euro Dollar gained for the fourth straight day in a row all the while pressing the 1.17 price level. The common currency continued to bounce against the US Dollar, but then that works into the Trade Selector Signal time window quite nicely, posing at Mean Resistance 1.1706.
If bulls manage to keep above this somewhat mild resistance level, the next objective becomes Key Resistance 1.1797 and vital Currency Rally 1.1951 figure.