the fibo retracement i previously mentioned (from may 10 til now) is obviously pure QE.
If Bernanke announces another QE of any sort, the market will rebound and we might see eur/usd at 1.50 by year's end.
The economy is IN correction mode and if there is possibility of another QE then obviously we will see a pick up, if we don't then we might see the Eur/Usd collapse (1.36-1.33) -- and then pick up.
If Bernanke announces another QE of any sort, the market will rebound and we might see eur/usd at 1.50 by year's end.
The economy is IN correction mode and if there is possibility of another QE then obviously we will see a pick up, if we don't then we might see the Eur/Usd collapse (1.36-1.33) -- and then pick up.