IN THE NAME OF ALLAH, THE MOST GRACIOUS , THE OST MERCIFUL
ABOUT DRAGHI'S RECENT SPEECH , I DO THINK THERE IS NOTHING NEW IN WHAT HE SAID. THE VAST MAJORITY OF THE EXPECTION WERE REFERRING TO THREE SCENARIOS , THE FIRST IS TO KEEP THE PURCHASES AT THE SAME VALUE OF 60 BILLION EURO PER MONTH , THE SECOND TO REDUCE THE PURCHASES TO 40 BILLION EURO , AND THE THIRD OPTION IS A LARGER REDUCE IN ASSETS PURCHASES TO 30 BILLINO EURO OR LESS WITH THE EXTENSION OF THE PROGRAM FOR 9 MONTHES OR MORE SO I AM SURPRISED BY THOSE WHO SAY THAT EURO FELL AS A RESULT OF THE THE INVESTORS DISAOPINTED THEIR EXPECTIONS , BUT WHY?! I DONT KNOW , I DO THINK WAT GRAJI SAID COME IN LINE WITH EXPECTION SIGNIFICANTLY, THE MOST REALISTIC ANSWER FOR ME IS THAT THE EURO TECHNICALLY IS WEAK SINCE EARLY LAST MONTH , AND HE IS FORMING A NEGATIVE HEAD AND HOULDRES , FURTHERMORE , THERE IS A NEGATIVE FAILURE SWING ON THE RSI INDICATOR, ON THE OTHER HAND WE SEE THE STRONG PERFROMANCE OF DOLLAR , SO I DO THINK THE EURO WILL SUFFER THE NEXT PERIOD , AND THE MOST LIKELY WILL RECEDING TO 1.1250 .
