DislikedEURO is behaving from what I can see. We were deep in weekly demand, so no wonder we have a bounce from here. Look at the hourly, no new LL, but HL and indication that bulls were in control in the short-term.
What is BS is the constant Euro news or lack of a plan to fix the debt. Forget the news and look at the charts.
Bears will eventually take over again, but at a higher price, whether that is 1.32 or 1.35, they should come in again anywhere in between... lolIgnored
Can't these buyers see it is over? Nothing will fix Greece, Spain or Italy over the long term... You cannot have a government without control over your monetary policy, it's that fucking simple.. If you can't use your monetary policy in order to devaluate your own currency when you're finding yourself in deep shit you will default on your payment obligations. These problems will never go away if ecb doesn't buy mass bonds.. but that would represent a moral hazard anyway
that simple