As we all know that deflation takes time, in that case they might lower this pair down to 0.66500. Although i see a nice falling wedge that might be broken anytime from now. we must watch how they play on this wedge since they might use it to trap early buyers because we all see that the market is in its lowest point that supports a turn around. That being said they might break out of this wedge and not come back as they might be starting the process of deflation.
Anulowano zlecenie:
they decided to break the wedge since the Queen passed so all Euro pairs became weak and USD pairs automatically gains strength