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That means that noone is going to loan to the EU via purchasing their bonds, for that would be too risky. The currency is going to travel with the gravity.
I wanted to find a reversal up and added the Send5 function. I was wrong, the market gave me a missing lesson in Channeling.
your EW guy calls this a Wave 4 and expects a Wave 5 to challenge the high, what do you think? something like this...
Secondary push failure next probably and a break above 1.1820 soon after sellers aren't getting paid in a market that has its direction up -> No Drives for payment, give up already, this has been one big accumulation
I think it's gonna bust through the green trendline, but is taking its sweet time