We see a bounce on good data earlier today, however the ECB remain keen to follow their dovish outlook on the EUR. We smell a rate cut in 2019!
Lets see what Draghi has to say at this evenings annual conference in Sintra!
Eyes still on Wednesday's FOMC meeting!
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Ability has been long term bullish on this! Latest chart work showing explosion pending! Lets see how this plays out!
Key areas highlighted for the near short term!
Trade at your own risk!
Leave comments below if you see it differently!
A visual representation of a descending triangle going back to the November 11th 2018 dump as highlighted.
Purple line represents the line of resistance which today's candle kissed nicely, going back to 17th October 2017's retrace from the then ATH's!
Please share your comments & thoughts!