the chart structure gives clues to bias on various time frames . recent swings 13550 and 13225 areas are key references for higher time frame bias , breaking it down further we get dynamic supports and resistance close to price action . the key refernce levels here give pointers to define higher TF bias once breaks occur . the trend between relevant TF are polarized presently , with a break of small TF keys we will get more clarity to define trends . the key levels on smaller TF are converging , the bias will be clearer soon , till then trading the smaller TF for the easy profit is pertinent ............ ;-)
EUR/USD fell after statement by senior German official that he is more pessimistic than last week on overall summit deal. and if ECB decides to cut interest rates tomorrow, eur bulls will have really hard time...
good levels for a meaty long. SNB will save all euro buyers. no sh!t, riskless, zero hedge trade. if everything fails, ecb will print in unlimited amounts. again, euphoria in euro.
Shouldn't this have the opposite effect. Being pessimistic that a deal will be done should cause Eur strength, right??