Despite the channel resistance in the EURUSD/
and channel support on USDOLLAR index
we haven’t triggered our shorts in the € cause , despite our gauge for a risk AUD/JPY has went under that wedge formation,
yet is making higher lows , indicating an uptrend .
A close (4H) under 82,30 will confirm it
as well as
a fundamental push against the EURO.
So far major expectations have been set for the ECB getting into the bond market as well as many other interventions circling around
that even if nothing solid comes out from this week talks between
Greek PM Samaras and different EU officials ,
market participants will see what they looking for (major support)
and act accordingly .
The set up is there ,…
just fundamentally is lacking participation ,…
Not yet folks ,…