Technically EUR could have made the break above 1.6 with ease over the last days...it has not happened...ask yourself the question...WHY?
Since EUR has reached a new high, DJI makes largest gains this year (read strength for USD), OIL makes largest drop since 2005 ( read strength for USD)....Worldwide there is consensus...No need for a stronger EUR, No need for currently still way to high Oil prices...
IMO there is no support to push the EUR up further and set new levels above 1.6...Market is consolidating and waiting for the correctional move to come...
This cant be done by the likes of private traders...we are small cattle in the financial world...its the central banks & investment funds who will pull the trigger...once sentiment reaches "consensus" about direction...
Just my 2 cents...[/quote]
so what signs do we watch out for to know when this big boys are going to decide ? i am just tired of this ranging market.
Since EUR has reached a new high, DJI makes largest gains this year (read strength for USD), OIL makes largest drop since 2005 ( read strength for USD)....Worldwide there is consensus...No need for a stronger EUR, No need for currently still way to high Oil prices...
IMO there is no support to push the EUR up further and set new levels above 1.6...Market is consolidating and waiting for the correctional move to come...
This cant be done by the likes of private traders...we are small cattle in the financial world...its the central banks & investment funds who will pull the trigger...once sentiment reaches "consensus" about direction...
Just my 2 cents...[/quote]
so what signs do we watch out for to know when this big boys are going to decide ? i am just tired of this ranging market.
know thy edge and abide by it ! 4 in it shall thou be successful !