EURUSD is recovering slowly. I have tried to discover which event exactly might have broken the development of an actually bullish wedge that built up before december the 1st, 2014. There was trouble in politics, climate change discussion a.s.o.
Well folks, what's YOUR opinion on the topic?
That breakout on through daily swing high resistance on the 27th was after Draghi talked some shit about ECB stimulus being scaled back if the economy improves.
The intraday spike lower you can see on the 28th was because the ECB backtracked like the cats they are.
Then the continuation higher was because promises out of anyone at the ECB's mouth is worthless and with resistance cleared, the technicals mean price is free to move higher.