18 November 05:29 PM
Thus, the norms of EU can be evaded, as ECB will be a lender of last resort. Consequently, it will print Euro in the amount needed, which will certainly influence the rate of European currency.
According to the experts of Masterforex-V Trading System , Euro rate is traded within the flat zone of wave а(С)/С of D1 wave level, bordering on 1.3811 and 1.3421. The bottom line of 1.3421 and the corresponding FZR are to be passed for the upward wave c(С) to continue. In this case strong support is provided by 1.3405/1.3393 range, as well as 1.3303/13275. Wave b(С) will reverse if NK MF 1.3811/1.4246 is left behind. If upswing continues and pivot MF 1.3810 is passed, the mid-term trend will change. As soon as FZR increases and passes pivot MF 1.4243, long-term trend targeting at 1.4376 will be worth considering.
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