So, the Euro lost its support during trading a couple days ago as it penetrated 1.10 to the downside. It since regained this support level, but not strongly and as such I believe it’s due to continue downwards towards 1.09. EUR Short-Term The top appears to have been resistance at 1.132 which I did not note …
Still don’t exactly understand how his comments are attributed to being such a huge catalyst. Only real interesting thing he said was “So if those financial conditions were to remain in place by the time we get to the March meeting, we would have to take that into consideration in terms of that monetary policy …
I’m not going to put out chart analysis today because whatever the Fed decides will likely break some things. Will post charts in the weekend maybe. For the EUR/USD, I’m still bullish. I don’t know if I’d have the cojones to trade it though. Maybe doing something like shorting it and buying a March call (american …