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Showing posts from December, 2016

There will be no euro rally

Ahead of the ECB meeting today and the expectations of what mario draghi will decide for the QE program. I would like to make a fundamental prediction here. Draghi is destined to bring the euro down , so I am expecting that draghi will disappoint the markets and we will see a  phase 2 of euro depreciation. The target of the coming phase will be 0.96$ as first target and may be final target as well before we see the euro heading back to 1.26$ Thank you all for you time and wish you all profitable trading