I think EU is forming a bearish pennant.
The spike to 1.17 3 weeks ago seems to be a fake out. Now market returned to the top of the pennant and ready to go down.
The timing of this scenario couldn't be better, as we are in the big FOMC whacky smacky rate decision once-in-a-decade week and that could give EU a killing blow and finally make those parity callers happy.
The spike to 1.17 3 weeks ago seems to be a fake out. Now market returned to the top of the pennant and ready to go down.
The timing of this scenario couldn't be better, as we are in the big FOMC whacky smacky rate decision once-in-a-decade week and that could give EU a killing blow and finally make those parity callers happy.