So, funding for the ESM does not contravene the German Constitution, and thus the printing can continue.
I've not much to add to my views from the previous few weeks, nor any real update to the four charts presented below.
I am still of the opinion that Cable will hit 1.64, with UC and FCXM Dollar dropping to the obvious fib levels as depicted on the charts.
The only question now, seems to be if EU will push further north of the fib discussed yesterday, and which was hit today upon news release from Germany. I predict that it will have to move further north if my assumptions concerning the three aforementioned instruments is to be valid; and so strikes in the 1.32/32 region do not appear unreasonable expectations.
I've not much to add to my views from the previous few weeks, nor any real update to the four charts presented below.
I am still of the opinion that Cable will hit 1.64, with UC and FCXM Dollar dropping to the obvious fib levels as depicted on the charts.
The only question now, seems to be if EU will push further north of the fib discussed yesterday, and which was hit today upon news release from Germany. I predict that it will have to move further north if my assumptions concerning the three aforementioned instruments is to be valid; and so strikes in the 1.32/32 region do not appear unreasonable expectations.
Author of: For Pip's Sake! (Available at Amazon... :-) )