Quote:
Originally Posted by admiral  Usually buyers emerge as you mentioned at the psychological levels 1.30 , 1.40 ... . however in this move the buying emerged at 1.27 which is quite far from the 1.30 level , in addition this level of 1.27 doesnt coincide with any trend line or resistance or fib retracement to justify such a powerful bounce up of 200 pips , this is what made me suspicious that a Euro bounce might occur if the USD doesnt close below the 1.30 level by the end of the week. |
Today is the end of the week and it is now at 1.263. So what is your take on the new info?
By the way, the bigger story than the Euro at this point is the Yen vs USD at 95.