I see a head and shoulders inside a head and shoulders. Double confirmation that this thing is gonna go down.
This mofo is gonna come down; sell that bitch when it breaks out and if it reverses to the top again sell it bruh
Broke its trend of consolidation and its making a flag so its a good time to sell it.
I am more leaning towards the sell because of economic principles; The European Central Bank as decreased its bond buy activity which means they are pumping less money supply into the economy and in other terms, since they are not spending money in buying bonds, GDP must decrease to some extent if all other variables are constant. The formula for GDP is = C + I +...
Just a hunch lol it will come down so sell it but it will go back up later
Sell it; EUR is coming down because the European Central Bank is scaling back bond buying. Less bond buying means less cash supply in the economy = less government spending = less GDP output so therefore weaker EUR. And JPY is going to get stronger, but that depends on tomorrow's Bank of Japan's policy rate. Yay, economics with forex!