EURUSD Dec 01 to Dec 05 Outlook
Data repair was done after the chart update over the weekend. Next week will have the correct prices shown. Euro slipped below Y-1 yet no stops were discovered which led to a slow drift up back to the crime scene leading to the drop from the before. No more fuel after that and stalled. Closed the week below Y-0 and near midpoint.
ECB officials just have too much fun talking lately. That induced fear into the trading communities making euro a currency to avoid. The short term outcome could be sideway actions until end of the year. The long term consequence could be very damaging though as no one wants euro anymore. It is a mistake similar to what Merkel did back in 2012.