There is an expectation for the ECB to announce an extension of APP at a lower rate (Barkleys expect EUR30bn per month). Fundamentally would make sense for Euro to be strong heading into the meeting, we have the technical swing setup for such a trade on all pairs except EURCAD.


WM2 to WM4. Note last week's double bottom.


Note the double bottom, price is currently at the role reversal of that bottom, in the bullish zone with WM4 as target.


I am a Aussie bull so not a fan of this plan though there was a double bottom last week and price is at the role reversal of that double bottom which is also WPP - target WR2.


No double bottom like the others though we do have role reversal support in the bullish zone with a target of WM4/ WR2.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.