Happy Thursday again to Everyone!
The BoE and ECB clock in with their anticipatory Rate Decisions… although The Queen receives a “second wind” of energy during Her swim in the English Channel and is approaching Key Levels as of this writing.
Have a look, and Post-Time is about 16:05 GMT.
The Euro is flailing around a bit in a slightly Descending Channel here…. and is contending with some inherent overall weakness…despite the corrective moves we have seen lately.
We will see of we simply “hover” around in the larger Static Horizontal Range here….
Here is where it gets interesting…the Contrarian correction in the Pound itself is “bleeding out” to its’ “Sister” Pairs as well… Pound Yen.. Pound Swiss, etc., and just may be beginning to lose a little Momentum after the last few hours.
We can check in for tomorrow’s Daily Post, and see how we have progressed going into NFP !
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