I was expecting a bounce-back, but had reserved a bit more room in the down side. Now with the announcement of European Central Bank's Draghi, the momentum has been given. The larger trend undoubtedly has started in the bull direction. Personally I will wait for a good retrace once the initial exitement dries out and I will jump into Euro with some portion of my portfolio. The other star of the day was the Oil. (Please refer to my analysis on my Oil charts).
Moral of the day:
Decrease your USD and start allocating into EURO and Oil!
Note:More Euro Chart analysis will follow.
Moral of the day:
Decrease your USD and start allocating into EURO and Oil!
Note:More Euro Chart analysis will follow.
