Yesterday we broke out from the consolidation and turned back immediately.
We are late in the daily cycle low, time to print the DCL.
I'm looking forward to see a breakdown from this channel at 1.1150.
MACD crossing down, RSI turning down.
ECB meeting is coming soon. A good chance for Draghi to weaken the EURO again.
Currency war continues...
This move could affect gold also.Gold will not be able to break to new highs and the miner breakout yesterday was just a false move to get the dumb money on board late in the cycle.
We are late in the daily cycle low, time to print the DCL.
I'm looking forward to see a breakdown from this channel at 1.1150.
MACD crossing down, RSI turning down.
ECB meeting is coming soon. A good chance for Draghi to weaken the EURO again.
Currency war continues...
This move could affect gold also.Gold will not be able to break to new highs and the miner breakout yesterday was just a false move to get the dumb money on board late in the cycle.