Dislikedjust woke up, heres my 2 cents on whats happening
1) fibonacci has played a great role lately, the push up came within one pip of 61.8% before coming back down, however it never went lower then 23.6% which has been strong points of continuation down.
2)last nights move down broke the lower wall of a longer term downwards channel for a steeper fall, now, its right outside that wall, (currently at 525), so until that wall is broken, we may see sideways trend or still bearish sentiment.
3)oil going up should help the euro
4)the news is a catalyst, the rumor of the news is a catalyst, direction unknown
im currently standing aside for better entry point with bullish biasIgnored
Here is how I view it...