EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER

EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER

22 October 2015, 15:55
forexintel
0
79

I have been mentioning about the fall in eurusd price in my posts https://www.mql5.com/en/blogs/post/652386. The "news" attributes today's fall to ECB policy stand! Looking at the chart, the eurusd price went below last week's low on Monday itself and was setting up for a huge fall, even if we ignore the month chart where it has been showing a clear indication of a fall rather than a up rise. Do you really think that the the policies precede the chart? Regardless of the ECB stand today, the eurusd price would have fallen, because the chart is mightier than the chatter!