Today seems like a good day to use the momentary strength is the Euro to either short the Euro (FXE) or buy the Dollar, UUP. The big picture, which I'm presenting below, looks good for the dollar
FXE is showing a little strength as it is caught between support and resistance, the upside risk with a stop above resistance is pretty small.
FXE hourly chart in a leading negative divergence.
UUP is in a leading positive divergence.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment