CCY Corner: Third (3rd) Degree Price Action Analysis

On Fundamentally-Driven Price Reaction

Currency Behavior has been noted to react with a mix bag of market sentiments as the Euro has more to gain from Greece and ECB stance that the QE decision was the right move as the CPI figures on inflation shows. A fundamentally driven market as such have fueled the EURUSD to its best levels.

With CABLE trailing behind at the moment, which serves to be the best case scenario where the equivalent Cross trade on the EURGBP have significantly been steady to the upside. These three (3) major CCy pairs are so far held its stance after the second higher low have been established that now provides a solid base to set the benchmark.

Third (3rd) Degree Price Action Analysis