Wish I could say I saw this first (because I know this pair is coming down)...but I can't! This is an hourly of the Euro/US that I recreated from another trader's blog (clicking on the charts give you clearer views):
See the diverging trendlines? Not very bullish. Don't forget the ECB is meeting tomorrow. Obviously, if they come out and say everything is rosy, that there is no unemployment, and all their member countries are doing fabulous...then the Greenback will crack...I'm sure of it.
I just don't think that will happen...and judging by the significant divergence above, a few others don't either.
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6 years ago
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