EUR

erik

price have teste d a 25 years old upward trendline that played support at the 1.06 level
we can see a 1.0550 level as main drivers ofr buying opportunity.
ecb is more cautious that he us in term of putting its own money at work so probably we can see draghi staying pat on interet rate for sure but also on the amount injected per month.

condoleances to all victimes of pars shooting

one has to know that in islam it is forbidden to suicide bombing because it is considered a suicide and suicide is aimed at hellfire.

euro at 1.0842 by monday morning
opportnity to sell of pullback continue.

i got a doubt on euro.
what if euro come consolidate in the next six months to range bound trading of 1.145 to 1.07.
last reading on elliot waves give me from late bottom at 1.0684 a five impulsives reading. most major sentiment are for a dollar strenghning i know and dont fight the ecb knowing thatdraghi might raise the liquidity volume by five billions
by the 29th of november euro might come testing the upper boundary of the andrew fork stated from the top at 1.1715 24th of august to come testing lower lows on daily chart.
on 4 hours chart we have this lower lows and lower high sustained by downward trendline that vote in favor of the continuation of the downtrend but on this time frame we can observe at yesterday bottom a pattern called a descendant biseau (probabbly its called wedges) that is a change in direction signal.

pending short at 1.0721

after years of export driven economy in the us and a creation of inflation exported economy, the main drivers of worldwide economy are struggling to get their fix of inflation; so central banks around the world are creating an model to enhance their losing value monetary creation to enforce the begining of the third long cycle of inflation driven economy.

the price of la baguette would cost in france around 1.50 euros in 2020 and the pack of cigarette around 9 dollars without any substantial raise in wages.
so the principles is stupid. ramasse plus pour gagner moins.

i use mainly fractal and elliot waves to trade and its quite amazing to observe that everything in life has a cycle.
the interest rate economic model that drives all nations is only a model to nurture the wealthest and even them are blind sometimes.
all things in life come to a point where thery correct; leaf,and also we human being.
interest rate only bring a mirage to the wealth creation. i want to explain my self.
check the latest financial crisis;worldwide wealth has shrunk to about two third of their initial value based in the mid90's.
only interest rate is a major cause of such shrinkage in value.
my belief is that interest rate are immorale;it is not sane to consider a deal that only give one party the advantages due to the facts that he or she got the firing power.

Money has a social value and some attributes to juggle the life expectation could it be administrating a township or a city or anybody expectancies to attain to a standard of living.

so what can we do in a world where all models only survives through an inflation derived modelisation and no places is made for

i dont know about you guys but the future is quite scary sometimes when we see all this troubles around hte world thinking it will never reach us in the wstern world and more security being unveiled by candidates like sarkozy just for raising at the helm of the power.
is a collaborative economy not the issue of resolving part of the social economic and social gap already existing or to come.
inegality have reached a momentum in europe where one in four people can afford to have a healthy living an are obliged to run at their banker for an overdraft account authorization.