My Intraday Outlook
Hey, everybody calm now! take your profits on the new range because it's the Fed's turn.
ECB announced its extended QE beyond March 2017 for 9 more months,
although the pace of monthly purchases would go down from 80 to 60 billion euros. (guppies read it as a taper and E/U surged)
At the press conference Draghi insisted the move was just a sign of flexibility and no taper. So E/U plunged.
Trump keeps the bull market alive (10% tax rate for a one time repatriation of the funds)!
So, no fundie reasons for E/U to rise soon
...but if the resistance like 1.0633 Weekly_Pivot broken we might see an upside technical recovery tentative.
So keep your Fibo levels close for the retracement if that happens!
Tech. Intraday S/Rs:
I see a downwards channel but also a breaking tentative on the upside. Next resistance 1.0633, 1.0650...
On the downside: 1.0590, 1.0576(W_S1), 1.0553(M-mid);
Good trading you all!
Hey, everybody calm now! take your profits on the new range because it's the Fed's turn.
ECB announced its extended QE beyond March 2017 for 9 more months,
although the pace of monthly purchases would go down from 80 to 60 billion euros. (guppies read it as a taper and E/U surged)
At the press conference Draghi insisted the move was just a sign of flexibility and no taper. So E/U plunged.
Trump keeps the bull market alive (10% tax rate for a one time repatriation of the funds)!
So, no fundie reasons for E/U to rise soon
...but if the resistance like 1.0633 Weekly_Pivot broken we might see an upside technical recovery tentative.
So keep your Fibo levels close for the retracement if that happens!
Tech. Intraday S/Rs:
I see a downwards channel but also a breaking tentative on the upside. Next resistance 1.0633, 1.0650...
On the downside: 1.0590, 1.0576(W_S1), 1.0553(M-mid);
Good trading you all!
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