Seeing the recent rally from the Euro in the past couple of days, all this has culminated to a good'ol resistance and it seems (based on current stats) that the Euro's rally might be short-lived and will not provide any medium or long term gains ....
Eyes on the next few days' price action
Seeing that the risk-on mood can hardly be found anywhere.....
Although the BoJ hasn't been forthcoming with their policies, the shorts are already priced in and we can only follow
The recent bearishness in the US stocks has seen some unprecedented lows broken and I say there's more to come....
The Tech-heavy Nasdaq has seen some of its worst days and today is no exception as the market has broken through the 12200 psych level (all eyes on the 12k round figure) ... As illustrated with the path, a decent pullback to the Trendline @12500...
Seeing that risk tolerance is at a tug of war in the markets these days, I have noticed a correlation between EURGBP and GBPJPY
And the duo approaches Support (GBPJPY) and Resistance (EURGBP) respectively, I expect a switch in movement
