Disliked{quote} Hi Marianne, from a pure Elliott Wave point of view, the chances are 50:50 for up or sustained down. I can make for both strong cases. From a fundamental view: Draghi is in full panic mode now. Would he when the economy in Europe would be improving? He tries to flood the markets with easy money in order to curb the economy. The question is: can the USA afford to raise the FED rates? There are strong arguments, that they even can not afford to raise the rates by 0.25% points. If the US economy would be so healthy as many think, the FED would...Ignored
I think super Mario were too impatient and too paniced. He wants QE to make people get loans and lower the currency to get more competable. He annonced QE in january and I think some of the improments were on the way. As I have understood he have bought less debt than he was supposed to so far after two weeks.
The other one is the US which is sinking after the rising USD and they will not watch and see the economic decling. It is both things I see that can make the euro rise again
In Cyprus noone is able to get a loan and then most buyers are russian coming with cash.