EURO VS. USD - Can we Finally be Bullish on Europe ?
Has you can see on the chart, The euro has broken its ~ 1 year resistance. The ECB announced yesterday that they would buy UNLIMITED amount of 1 - 3 yr bonds for the next 3 months or so.
Will this be sufficient to lift the Euro long term ? Is this the beginning of end of the Euro crisis ? or this is simply another lower high ? The break is confirmed on the daily , weekly, and monthly chart.
Please tell me what you guys think of this situation.
Will this be sufficient to lift the Euro long term ? Is this the beginning of end of the Euro crisis ? or this is simply another lower high ? The break is confirmed on the daily , weekly, and monthly chart.
Please tell me what you guys think of this situation.