Again sitting on a critical area
A reversal is near but bears are trying over and over again to go lower.
We just hit another support and we could bounce from here but I would not be suprised to see price dipping further to next support.
We are trading at the lowest in the last 52 weeks, while the highest was 1.77.
We have a very nice run on this pair ones it reverses. Perhaps ECB data may help to decide sides.
ECB is not hiking rates and therefore it will be the message the strongest market mover (QE tappering?)
Cheers.
We just hit another support and we could bounce from here but I would not be suprised to see price dipping further to next support.
We are trading at the lowest in the last 52 weeks, while the highest was 1.77.
We have a very nice run on this pair ones it reverses. Perhaps ECB data may help to decide sides.
ECB is not hiking rates and therefore it will be the message the strongest market mover (QE tappering?)
Cheers.
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