![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-_rIBspn3uDJsVvfH71lWGZfJmQlM1ewwyh6BW5cHfoPEZ_9UzOhTrh7oaY_f4ehTjoq5THV0NlJQoCux7-Ot07RprIIA_m6UdYk4CdxLQKKi1ivjMsSzg5yj1acMamaPR2xwIXqdKQfw/s400/EurUsd_4Hours_05-10-11.png)
Wednesday, October 5, 2011
Eur/Usd : Pre ECB rally
The count appears to be on track and with J.C. Trichets last appearance as head of the central bank, it looks like the ECB event tomorrow could have a negative effect on the euro, there are people who think a rate cut is coming. This would certainly trigger a new leg lower. But before that i believe price will rally into the event.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-_rIBspn3uDJsVvfH71lWGZfJmQlM1ewwyh6BW5cHfoPEZ_9UzOhTrh7oaY_f4ehTjoq5THV0NlJQoCux7-Ot07RprIIA_m6UdYk4CdxLQKKi1ivjMsSzg5yj1acMamaPR2xwIXqdKQfw/s400/EurUsd_4Hours_05-10-11.png)
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