DislikedPlease look at daily chart of: GBP/USD,AUS/SD,NZD/USD all within past 3 days about 200 pips went downside but EUR/USD still is up , as those pairs follow eachother can someone explain what has happened & why EUR/USD didnt go down like other pairs.
Thanks alot.Ignored
EUR/USD is not really moving, because fundamentally, we should go south, but since major indices are kept artificially going north, we are still in a risk on environment, it goes neither up nor down...Imho we have to wait till SP, DJ and co. hit their respective resistances and bounce south.
Btw, you should look at it from a slightly different perspective - we had a huge event this Monday, after months and months of negotiations, Eurogroup finally agreed to give Greece its second bail out - that should remove uncertainties and catapult EUR higher, right? Did it happen? Nope.
So I am fairly bearish here, but firstly, I would really, really love to see EU hit 1.336 and turn there, but this is not a dream, things will most likely develop in a different fashion.
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