18:08CET
Well, it did not look good for any USD holding throughout the day, but the later price action, and more specifically after the break through the 1.4025 barrier on the pretext of the ECB press conference, has put things into 'perhaps and only perhaps' a new perspective, that is far from being in any case confirmed. I wouldn't mind the mouthpieces of the bull arena to have a bit of a harder time calling what's next to happen (they've really had an easy job these past days), so to show what they are really made of. I think the interesting unit to watch closely, even more than EUR/USD and its ridiculous tech or funnymental games, is Gold. The buying climax seen these days, although paranoiac and crazy, may be a good indicator of a mid-term market prospect. Will that be true? Don't know, but there is a lot of interest in that unit, which by the way is highly correlated with AUD, and I think it to be a leader rather than a lagger in the weeks/months ahead.Posted via email from MT4
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