EUR/USD Makes Its Way Down
Steve Walker | Nov 22, 2015 08:54AM ET
While EUR/USD is making its way down with the rumors of
-FED December Rate Hike - Strengthens USD
-ECB further Rate Cut - Weakens EUR
-ECB extend QE - Weakens EUR
and we suppose that market is trending, then Price is breaking down the all time Trend Line with the rumors.
Here I would like to reverse engineer the situation and this time like to move from Chart to Market assuming that with all strong evidences of FED rate hike due to improved labor market and core inflation, FED may hold rates and postpone to 2016, but I may be wrong.
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