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The EURO is now at 1.25 key support. Will it be enough for a counter move up?
It is likely due to D$llar strength, however my view remains the same; bearish (see my blogs); however EUR/USD @ 1.25 is in a key support area for a reversal trend.
Mario will communicate measures which will cause the EURO to appreciate to approximately 1.32 - 1.35 however to buy you need cash.... and because ''Draghi said: decision on rate cuts not unanimous'' will the biggest Eurozone GDP contributors (Germany, France maybe?) cause the EURO to continue its downtrend in months and months to come?! Who knows?!
For now its Super Mario time to Super the weakened EURO.
It is likely due to D$llar strength, however my view remains the same; bearish (see my blogs); however EUR/USD @ 1.25 is in a key support area for a reversal trend.
Mario will communicate measures which will cause the EURO to appreciate to approximately 1.32 - 1.35 however to buy you need cash.... and because ''Draghi said: decision on rate cuts not unanimous'' will the biggest Eurozone GDP contributors (Germany, France maybe?) cause the EURO to continue its downtrend in months and months to come?! Who knows?!
For now its Super Mario time to Super the weakened EURO.
