Thankyou sisse and others the other day when i posted about being bearish if they dont raise the interest rate from 1%.
As some mentioned correctly that the hawkish comments from trichet that the rate could raise next month seem to trump the fact that in line with the last 12+ months they left it unchanged.
Some analyst talk of debt crisis influencing this currency at moment ,But recently we seen substancial move up during downgrades and all sorts of debt crisis events.
Lybia and oil price seemed to be key ,With potential rate rise.
Keeping an eye on what the oil producers do in reaction to the oil price .
But if oil continues up then i believe this currency will too.
I did expect a correction if rates stayed at 1% but seems oil is limiting the downside correction at the moment.
As some mentioned correctly that the hawkish comments from trichet that the rate could raise next month seem to trump the fact that in line with the last 12+ months they left it unchanged.
Some analyst talk of debt crisis influencing this currency at moment ,But recently we seen substancial move up during downgrades and all sorts of debt crisis events.
Lybia and oil price seemed to be key ,With potential rate rise.
Keeping an eye on what the oil producers do in reaction to the oil price .
But if oil continues up then i believe this currency will too.
I did expect a correction if rates stayed at 1% but seems oil is limiting the downside correction at the moment.
making green pips large and red pips small this is my goal.
a probable daily low for today
