The wild price move was nothing out of the ordinary. Not politics. It was an expected move. Someone has to sell hard, before someone else can prop up the market. It's always a two-way trade, buying and selling. It was a "deal" (deal in inverted commas). Let's just say this: central banks pulling string behind the scene. Using CPI release as a disguise, who can say they're the one doing it? 
Motive? I have mentioned this on another thread. I'm not repeating it here.
Let's be honest, CPI alone don't warrant a -120 pips down, then another +150 points up move in less than 4 hours. Furthermore, we have IMF meeting in Washington, DC this week, from Oct 10 through 16. So, nothing out of the ordinary. Really, nothing to see there. 
Let's see how technical levels are at this point in time. It has ascended above my dreaded descending dotted line. Price is trying to break the 323% Fib on my chart, coincide with 50-SMA. Now, the target is to try the 200-SMA, which is now at 0.988888888888888.
Motive? I have mentioned this on another thread. I'm not repeating it here.
Let's see how technical levels are at this point in time. It has ascended above my dreaded descending dotted line. Price is trying to break the 323% Fib on my chart, coincide with 50-SMA. Now, the target is to try the 200-SMA, which is now at 0.988888888888888.
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