Algokid

EURO VS. USD - Can we Finally be Bullish on Europe ?

BATS:FXE   Invesco CurrencyShares Euro Currency Trust
Has you can see on the chart, The euro has broken its ~ 1 year resistance. The ECB announced yesterday that they would buy UNLIMITED amount of 1 - 3 yr bonds for the next 3 months or so.

Will this be sufficient to lift the Euro long term ? Is this the beginning of end of the Euro crisis ? or this is simply another lower high ? The break is confirmed on the daily , weekly, and monthly chart.

Please tell me what you guys think of this situation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.