I have an opinion. It is only an opinion, nothing more.
It is that those with a large stake riding on the direction of the Euro are looking at the following chart,
or something similar. It suggests one of two possible senarios:
Senario 1) The long term trend (UP), indicated by the blue lines will continue unchallenged
for the forseeable future until affected by yet undetermined causes.
Senario 2) The intermediate trend (Also UP), indicated by the red line, which is being challenged
at this very moment, will break - causing a challenge to the Long term trend
which again are indicated by the blue lines.
It is that those with a large stake riding on the direction of the Euro are looking at the following chart,
or something similar. It suggests one of two possible senarios:
Senario 1) The long term trend (UP), indicated by the blue lines will continue unchallenged
for the forseeable future until affected by yet undetermined causes.
Senario 2) The intermediate trend (Also UP), indicated by the red line, which is being challenged
at this very moment, will break - causing a challenge to the Long term trend
which again are indicated by the blue lines.