There’s a bit of catching up to do after a big Euro fall in Europe/NY.
You could start here: Draghi: Inflation elevated on energy and indirect taxes but coming down
Then this: Draghi Q&A: No comment
Then: EUR/USD tripping small stops below 1.3020
and Euro breaks 1.30 …
And a question for traders – who pays attention to price action as an information source? I bring it up cause yesterday I pointed out:
1.3110/20 has proven to be a tough level – got a move through there in early Europe yesterday to 25/30, but quickly fell away again. Technically, this move was very ugly for the EUR/USD.
What sort of value do people place on looking at the price action – how its responding to news, hows its responding to prior price action, how its changing its behaviour, how its indicating changing buying and selling pressures …? Be interested in any thoughts.
