Ok... we are 70 pips a way from this years low...
What can we expect?
My opinion is that we are in bottom now. Price may move bit down, but this is both technical and fundamental turning point.
Greece situation don't move till June 17th due new elections (if they can afford a one) - thats priced in now.
What else?
- Spain seems to take care of banks unless something new pops up.
- Italy situation is stable.
- Nothing new from Green Island.
- Portugal has been stabilizing.
- Will there be 3rd LTRO?
- Will there be QE3?
I think raging bull is now putting up a fight.
What can we expect?
My opinion is that we are in bottom now. Price may move bit down, but this is both technical and fundamental turning point.
Greece situation don't move till June 17th due new elections (if they can afford a one) - thats priced in now.
What else?
- Spain seems to take care of banks unless something new pops up.
- Italy situation is stable.
- Nothing new from Green Island.
- Portugal has been stabilizing.
- Will there be 3rd LTRO?
- Will there be QE3?
I think raging bull is now putting up a fight.