At EWF, we don’t pay attention to news & fundamentals and believe market is purely technical. EURUSD formed a high @ 1.3993 on 5.8.2014 on the day of last ECB meeting. Members knew ahead of the meeting that EURUSD was expected to form an intermediate peak between 1.3970 – 1.4045. Tomorrow is the next meeting and again we think the move after the meeting would be technical based on the cycles.
Take a look at this video done for members a day before ECB meeting (6.4.2014)