Forexzilla.org

Finally EUR/USD hit 1.6000. Some options barriers were activated for now and we still are extending the ascending triangle. ECB probably will not intervene ’cause in the last few days they were speaking about the inflation and all that crap. Obviously they are stupid enough and won’t understand that their high interest rates depreciate the dollar and appreciate commodities prices thus pumping up inflation. Whatever, the pattern’s target is 1.6460, support is @ 1.5790.