I don't know if anybody notice this news: http://money.cnn.com/2015/04/09/inve...oil-discovery/
U.K. makes a big oil discovery!
Exploration firm U.K. Oil & Gas Investments said Thursday there may be up to 100 billion barrels of oil at an onshore site in south England, near Gatwick airport, a company spokesperson told CNN. That's more than double the amount of oil pumped from Britain's energy offshore North Sea fields in the past 40 years!!!
Yeah good news for UK / Europe. Would stop their dependence from S. Arabia / Russian oil & natural gas if true. Or just another part of infowar against Russia & their threats to cut / reduce supply to EU if sanctions remain.
So, how long does this unnormal cable weakening take?
What's your opinions?
The next support is around 1.4344. It was touched in 2010 in the middle of the economical depression.
I know election is coming next month in the UK, and everybody is waiting for US rate hike but this is an abnormal situation. The cable is falling almost a year... without a significant correction.