After Independence from Europe , Africans began squabbling with each other in Africa. This caused many Africans to walk out of Africa and get into the Mediterranean sea. Many in Europe is now asking? Are Africans going around in Circles by getting into the Mediterranean sea and floating back to Europe ? What effect will this have on currency predictions going into the 24th September election in Europe ?
EUR/USD Caught Between a Rock and a Trend-line; FOMC Looms
In last week’s forecast, we were looking at the possibility of EURUSD putting in a rising wedge on further deterioration in upward momentum at key long-term levels. However, that would have required another attempt this past week to etch out higher prices after a modest pullback. While the pullback to the start the week was modest, it broke what would have been the underside of the wedge and found support around 10825. We are currently left stuck between solid points of support and resistance. On the top-side we have strong long-term resistance by way of the 2012 low (two reversal days – 8/29 & 9/8 – as evidence of sellers), while on ... (full story)
- Posted: Sep 16, 2017 7:46pm
- Submitted by:Category: Technical AnalysisComments: 3 / Views: 2,669