Central Banks became market makers and the markets direction is pending on CB's President Statement. Normal market is being made by investors, buyers sellers. Anyway, since the markets is analyzing the statement of European Central Bank officials, all the investors are almost convinced that ECB President will act in line with his statement early this month.
On the other hand, technically speaking we are in a double top scheme with a clear neck line which became a support line, and this line begins to be broken; the break through appears to be modest, however, the gentle move downward is continuing.
4th June will be an omportant date and estimate A plan or B plan depending the statement is obvious on the chart.
On the other hand, technically speaking we are in a double top scheme with a clear neck line which became a support line, and this line begins to be broken; the break through appears to be modest, however, the gentle move downward is continuing.
4th June will be an omportant date and estimate A plan or B plan depending the statement is obvious on the chart.