Good analysis Max
I'm unsure what to expect next from the euro, I still maintain that this current down move is over done. A lot of fear mongering by excitable media and analysts seems to have driven us down from 1.37 to here. But there are concerns over fall out from the Cyprus bailout, it could impact negatively on the weaker euro zone countries. If we get fear spreading to Spain and Italy then much bigger problems will be afoot, overall I'm cautious at the moment after getting a mauling last week from avoidable errors.
Currently trying a small long from 1.2998
I'm unsure what to expect next from the euro, I still maintain that this current down move is over done. A lot of fear mongering by excitable media and analysts seems to have driven us down from 1.37 to here. But there are concerns over fall out from the Cyprus bailout, it could impact negatively on the weaker euro zone countries. If we get fear spreading to Spain and Italy then much bigger problems will be afoot, overall I'm cautious at the moment after getting a mauling last week from avoidable errors.
Currently trying a small long from 1.2998