Sive Morten
Special Consultant to the FPA
- Messages
- 18,699
No, this will not be mistake. 1.3430 is K-resistance. If everything is OK, market should not take it right after just hitting of 0.618 target. It could be pierced, but it should hold.Sive
if i were to say that a close on the daily above the mid-BB at 3429 is a sign of further uptrend in the short term, would i be mistaken?
Yep, very nice, but probably W&R of 1.3360 low...Very probable scenario more over as we know in december trading things like that happen! On 1h possibility for RRT ?
Dear Sive and All,
A little late in the week for a quick note that I will come back hopefully during the week-end. My thesis is that the Eurozone is moving full speed into disintegration. The problem is not Greece or Italy, Portugal Spain and Ireland. The problem is the Eurozones inability to face the crisis in a way that reflects the ideals that supposedly underline the creation of the Eurounion. This is the last chance to take action (and the German-French solution taken in isolation obviously does not solve any problems. In other words I agree with our medium term targets of below 1.2 as long term we might not have a Euro to trade.
Regards to all and especially to you Sive for giving and offcourse Felix!!!
Hi Onenikos, thanks for update. You've just confirmed some thoughts that we've discused here. There are two things that have to be done to remain EU intact as it is now:
1. Ability to ECB print money and buy back all problem debts;
2. Partially divest problem countries of their fiscal independency, so that, for example Germany, France or some EU authority has a possibility to control budget spendings of these countries.
Otherwise it will be difficult to safe EU as we know it now.