The Euro initially gapped to the upside to kick off the Monday session, but then plunged rather drastically to pierce the 50-Day EMA. The market then turned back around to show signs of life, as we are now starting to rally again. At this point, it becomes very obvious that the market is all over the place and will more likely than not continue to be. After all, there’s a lot of questions as to whether or not the Federal Reserve will raise interest rates this week, as we are starting to see questions about the banking system globally.
Thats true. Its still very bullish. But am afraid that after such a bullish move price will resist and drop a little. How far it drops we dont know. But it will definitely drop
KhalilKarimii
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@EMkioko, The more it drops the more you have a upward opportunities. remember, regardless of FED decision, there are still issues with US that can not hold USD strong.
EMkioko
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@KhalilKarimii, Facts only. The more it drops the more upward opportunities