EUR

well the conclusion is the money supply is not under control of ECB so a rate hike could be more likely than a cut. But who knows whether the ECB wants to control money supply?
The dangerous point is TARGET thus with an uncontrolled repo market the ECB holds Bundesbank hostage. But ist only consequent the EU has an official for every poop and one official for every sneeze so why not as many clearing houses?

fundamentally oriented long term traders may be interested in
SHORT-TERM EUROPEAN PAPER (STEP) market. "Die Welt" a paper usually deeply dedicated and devoted to Merkel Schauble and Schauble's intimate buddy at ECB board,Asmussen , published an essay saying that ECB has no control over STEP market resulting in 1300 bln uncontrolled not backed ( only by STEPs) loans to banks while ECB's buying of sovereign debt amounts to a mere 200 bln.
That isn't anything new at all but I wonder what may be going on
if an ultra conservative comes up with that now. It can be compared to the official organ of US rifle shooters club saying that guns are in some sense harmful to health

Yes I have 2 trend support lines on daily. I was referring to the shorter term trend support drawn from 13th Nov low. Next support drawn from July low agrees with you :-)

typo, 2919

Note to Ashraf.

Your webmaster doing a nice job on this platform. Good improvements !