I mentioned we'd probably see some distribution in the Euro as it approached resistance near $1.3375, it looks like that is happening.
3C FXE 10 min.
Conversely...
UUP is seeing some accumulation at the same time.
When a parabolic move like this starts showing volatility, it's often hitting shearing forces. I think there's not a lot of upside left in the Euro.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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